| President Trump has explained his push for reciprocal tariffs, saying, "I’ve decided for purposes of fairness that I will charge a reciprocal tariff; whatever they tariff us, other countries, we will tariff them. That’s reciprocal back and forth.” In another public appearance, he added: "Whatever they tax us, we will tax them.” In addition, he signed executive orders in February and March instructing the Commerce Department to consider whether tariffs on imported copper, lumber, and timber were needed to protect national security. |
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The world is in a trade war, according to the left and the libertarian right. Furthermore, this odd couple tells us that this will be detrimental to American society. They add that it will lead to inflation. These arguments are deeply flawed. These premises presented against Donald J. Trump’s tariff implementations reflect static analysis, romanticized faulty interpretations, and political posturing.
Upon the conclusion of World War II, the U.S. began a course of subsidizing the economies of war-torn Europe and Asia. Supporting the importing of goods from these inflicted countries was viewed as a way to build strong democracies and stabilize the globe. Thus, a slow but sure path of wealth transfer began from the U.S. to these regions. An international division of labor was set up, and it seemed to go hand in hand with the idea that globalized capitalism would benefit everyone. Americans would get products cheaper, and West Europeans and Asians from Japan, South Korea, Taiwan, Hong Kong (then tied to the U.K.), and Singapore would build an industrial base.
The evil of communism proliferated after the Second World War. The U.S., lacking the necessary foresight and believing that capitalism was a cure-all, decided to underwrite the transition of a centrally planned socialist economy to a market-compliant, politically controlled socialist economy in China. During the Third Plenary Session of the 11th Central Committee of the Chinese Communist Party in 1978, Deng Xiaoping defended Marxism-Leninism, evoked Karl Marx’s emphasis on “revolutionary practice,” and Lenin’s New Economic Policy, and launched the structure of "socialism with Chinese characteristics." The U.S. believed that what it perceived as having worked in Western Europe and non-communist Asia could be applied to Chinese communism, and democracy would spring up.
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en el Estado 51, de la Unión Norteamericana, todos los aranceles que ha impuesto a sus importaciones “desaparecerían por completo”.
Gold is not a strategic asset. It shouldn't be viewed as something to buy or sell, like land, copper, or a factory. You don't buy or sell money; that's almost a contradictory concept. Gold is money itself, although fiat currencies are treated as money in today's world. Confusing gold with fiat currency is one of the terrible notions created by Keynesian economists. It's allowed mainstream financial commentators to dismiss gold as a pet rock.
