Janus
Advocatus Diaboli
- Sep 9, 2007
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Welcome to the Uniparty. The Democrat party of FDR that fought for noble causes like civil rights died with JFK in 1963. The current Democrat party uses identity politics to whip up fear and then cheers getting support from war hawks like Dick Cheney.This was bipartisan, signed into law by a Republican President.
What you have just seen is a political realignment/critical election. That's why it was an important one.
Higher energy production = lower energy prices = lower production costs = lower inflation = more jobs = more manufacturing.There is nothing to suggest that Trump will serve the interests of the working class better than previous administrations. And certainly evidence that he will be worse. He doesn't even know what a tariff is, certainly don't trust him or his team to apply them selectively where needed.
Reduced regulation allows US manufacturing to compete with China which has zero regulation.
The one thing people keep missing about his tariff plan is the plan to give a 6% corporate tax cut to those who manufacture in the United States. His plan is literally the same as a Border Adjustment Tax, but unlike a BAT, it also rewards companies that service the domestic economy exclusively.
The reason why China dominates world wide manufacturing is because after 1970, the value of the RMB went from 1.2 RMB to the USD to around 8 RMB in the 1990s and was pegged to the USD in 1997 before being released to a range of 6-7 RMB to USD. It should be valued at around half that, which is why Trump wants to introduce a tariff.
This is why the Steel Belt became the Rust Belt, and why Trump is now President. That's what 'Make America Great Again' means to voters in those swing states. In the 1960s, the United States was responsible for 50% of the world's entire manufacturing output. From 1970 to 2024, it's declined to 18% as China has risen. But this isn't Thucydides' Trap - this was a willful destruction of the United States by globalists who hated the prospect of a nation that powerful not being beholden to financial debt. 1971 was the first year that the US had posted a trade deficit in the 20th century, and other than 1973 and 1975, it hasn't posted a surplus since.
Also, about selectively applying tariffs - Australia was the only country that didn't have a tariff put on its steel exports to the United States under the last Trump term. Why? Because we are one of the few countries that had a trade deficit with them.