Tag Archives: money

Jerry Bowyer: China Hurts From—and Adjusts to—Tariffs

If the goal of the trade war is to hurt China as we push them to change, it’s working.

China’s economic growth rates are definitely falling. But—as we recently showed on Townhall Finance—the jobs are leaving China, but they’re not coming to the U.S. Jobs are heading to other parts of emerging Asia, often still employed by Chinese-owned companies.

And doesn’t that make sense?

As we slap tariffs on China, markets push supply chains further down the labor scale, not up to high wage America. Markets are highly fluid. Throw a rock in the stream and the water finds its way around it.

For most of human history, China was the world’s economic superpower. The U.S. did not surpass China until we abolished slavery, repealed the war-time income tax and established sound money.

We need to go back to that basic formula, the one that that permitted us to end Chinese dominance in the first place: Universal human dignity, low taxes and sound money.

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Lanhee Chen: After Mueller: A Look at the 2020 Election

President Trump faces a much clearer pathway to reelection in 2020 now that Special Counsel Robert Mueller’s found no evidence that the President or the Trump campaign colluded with Russian efforts to influence the 2016 presidential election.

President Trump’s task ahead is to focus his reelection effort on the reasons why voters should give him a second term in office.  And while Democrats continue to obsess over Trump and his alleged misdeeds, it’s up to the President and his team to focus instead on the ways in which they’ve improved the livelihoods of the American people with tangible policy accomplishments.

The President spearheaded tax cuts that have helped many Americans keep more of their hard-earned money; his Administration has cut regulatory burdens and red tape to spur economic growth; and he has appointed judges to federal courts who respect the rule of law and the Constitution.

If President Trump can keep his rhetoric—and his focus—on touting these accomplishments, he’ll go a long way toward winning four more years in the Oval Office.

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David Davenport: Questions About Walls


President Trump loves walls—besides a border wall with Mexico, he wants to erect trade walls to protect American steel and aluminum with tariffs of 25 and 10 percent, respectively.

In his famous poem about walls, Robert Frost said, “Something there is that doesn’t love a wall,” adding that before he built one, “I’d ask to know what I was walling in or walling out, and to whom I was likely to give offence.” Those are good questions for Mr. Trump’s policy.

He wants to wall out foreign products that are cheaper than American products. But this will trouble not only nations that produce them, but also American consumers who like to save money.

There’s also a question of constitutionality, since the president’s power to do this is based on national security. And the biggest question:  will tariff walls even work in a global economy?

Many important questions about walls.

 

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The Scourge of Opioids and the Looming Battle Over Trade

Townhall Review — March 10, 2018

President Trump cracks down on a growing epidemic, opioids. Andrew Sullivan sits in with Michael Medved to discuss the deadly depths of this powerful and all too available drug.  Hugh Hewitt invites Ohio Senator Rob Portman about the STOP Act, a Congressional effort to address this life-ending menace. Heritage Foundation economist and presidential advisor Stephen Moore sits in with Larry Elder to talk about the trade dangers of the steel and aluminum tariffs that President Trump wants to implement. Pat Buchanan sits in with Mike Gallagher to share how the tarrifs actually are very pro-American.  Dennis Prager discusses the Antifa demonstrations surrounding Christina Hoff Sommers at Louis and Clark Law School. Hugh Hewitt speaks with South Carolina Senator Lindsey Graham about tariffs, FISA, and North Korea Denuclearization. Michael Medved shares new research from the Gallup organization on money and happiness.

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