Friday, March 9, 2018

And Trump Didn't Kiss Their Rings, Either

Koch Brother on Trump Tariffs: Ignore National Security and Jobs for Profits and Cheap Imports

As President Trump made history signing into law his tariffs on steel and aluminum to protect American workers and U.S. industries, GOP megadonor Charles Koch called on “corporate leaders” to “reject” the decision.

In an op-ed for the Washington Post, Charles Koch — one-half of the pro-mass immigration Koch brothers — urged corporations and chief executives to ignore the national security and job interests of the U.S. and instead focus on profits and cheap imports when it comes to Trump’s tariffs on steel and aluminum.
Let's see. There definitely will be higher prices on products using steel and aluminum. This means inflation to at least a normal level of cost/price for domestic metals.

But there also will be more domestic jobs available at decent market values, rather than competing with the third world. This means fewer unemployed, already a feature of Trump's America. It also means that the USA is less dependent on foreign sources for these materials, a national security issue.

The Kochs ignore this at their own peril of being discovered as exploitative barons.

Meanwhile, from Elon Musk:
Elon Musk Makes Trump’s Case for Tariffs: No Level Playing Field with China

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