Winning the
Trade
The Falling
The US president Donald J. Trump emerges with the
economy intact and his credibility enhanced. Trump has
the upper hand. The US has greater geopolitical power and
bigger GDP per capita. The American economy remains strong,
with expanding employment and a fast, though slowing growth
rate of 2.1% in the most recent period.
President Trump’s tough line on China has shaken loose
more apparent concessions from the Chinese than previous
administrations managed. The previous, longstanding policy
of constructive engagement, using persuasion couched in the
language of mutual benefits, bore little fruit. As part of the deal,
China has agreed to increase its purchases of products from the
United States.
With the US economy booming, unemployment at historic lows,
and real wages finally rising after decades of stagnation, it’s hard
to spin the narrative that the trade war has hurt the United States.
SOLAR PANEL AND WASHING
MACHINE IMPORTS INJURE
US INDUSTRIES
October 31, 2017
USITC Recommends Remedies
The US International Trade Commission (USITC) finds that imports
of solar panels and washing machines have caused injury to the
US solar panel and washing machine industries and recommends
President Trump impose “global safeguard” restrictions.
January 22, 2018
Trump Imposes Safeguard Tariffs
President Trump approves global safeguard tariffs on $8.5 billion
in imports of solar panels and $1.8 billion of washing machines, a
relatively rare move historically even when the president is granted
the authority to do so.
90 The TRUMP RALLY Publication