Keep Up the Tariffs!!

Tonelson has focused on the US economy, particularly manufacturing, for decades.  He has good news, unless you're a NeverTrump traitor to working class Americans.

In recent months, I’ve written that there’s a strong case to be made for bullishness about U.S. domestic manufacturing (e.g., here and here), and added (pointedly) that this optimism is justified even though sweeping, steep Trump administration tariffs remain on hundreds of billions of dollars worth of imports from China, and from many steel-producing countries.

In fact, I’ve argued that these tariffs deserve much credit for domestic industry’s solid performance during the CCP Virus- and lockdowns-spurred downturn suffered by the U.S. economy over the last year – by preventing foreign-made goods from supplying much of the American demand for manufactures that had continued. I’ve also contended that as long as the tariffs remain in place, domestic manufacturers will keep enjoying a big edge over the foreign competition for satisfying the demand that will be restored as recovery proceeds.

And......so??

 

...“After plummeting sharply last year due to the COVID-19 pandemic and the global recession, manufacturing activity has rebounded sharply, with the sector being a bright spot in the economy in recent months. Manufacturing production is likely to exceed pre-pandemic levels in the next couple months, and employment in the sector has risen in all but one month since April 2020.”....

So sayeth the National Association of Manufacturers.  NEVER confuse them with the Chamber of Commerce, whose interests are not congruent with those of ordinary Americans (or manufacturers.)

Since this news is out, you can expect Xiao Bai-den to eradicate the tariffs, just to keep the Deplorables in their place:  Government-imposed poverty.