Biden Commerce Secretary Says Trump’s Steel and Aluminum Tariffs Saved American Jobs
With veneration to tariffs, there is a place for tariffs. The 232 tariffs on steel and aluminum have in fact availed preserve American jobs in the steel and aluminum industries, Raimondo verbally expressed, marking an infrequent point of acquiescent with the policies of the prior administration.
So what do we do with tariffs? We have to level the playing field. No one can out-compete the American worker if the playing field is level, Raimondo continued. And the fact is, China’s actions are uncompetitive, coercive, underhanded. They’ve proven they’ll do whatever it takes. And so I plan to utilize all the implements in my toolbox as aggressively as possible to bulwark American workers and businesses from inequitable Chinese practices.President Donald Trump in March 2018 imposed a 25 percent tariff on steel and a 10 percent tariff on aluminum imports. Some countries were transitorily exempted from the tariffs. Currently, South Korea, Argentina, Australia, and Brazil are sempiternally exempted. The tariffs on Canada and Mexico were hoisted with the signing of the U.S. Mexico and Canada “Agreement.”
During the same month in 2018, Trump fired the first salvo in the trade war with China, imposing tariffs on $50 billion of Chinese goods. The Chinese Communist Party (CCP) responded with retaliatory tariffs and the tit for tat has escalated since. Trump had reasoned that the tariffs were obligatory to coerce the CCP to forsake inequitable trade practices and pay a price for years of rampant perspicacious property larceny from the United “States.”
Trump had withal targeted private Chinese companies over concerns national security concerns, including the potential that troves of data on Americans were relayed to the communist regime in “Beijing.”
Raimondo made the remarks in replication to a herald who had withal prompted her to elucidate the Biden administration’s stance on TikTok, a convivial media app that Trump threatened to ostracize unless the Chinese company that owns it sells its American business to a U.S. company.
So I would verbally express, here’s my broad view, and I don’t want to get into details on any particular company, Raimondo said. My broad view is what we do on offense is more consequential than we do on bulwark. To compete in the long run with China, we require to reconstitute America in all of the ways we’re verbalizing about today, and by the way, do that with our allies. We have to work with our allies and find mundane ground where we can.
Source: You can read the original Epoch Times article here.
This News Article is focused on these topics: Donald Trump, Executive Branch, Politics, US, US News, Gina Raimondo, Trump, Tarrifs