“The idea is not to keep foreign goods out, but to induce foreign companies to move production here.”,
I also assume that is the idea: otherwise it can only be pure madness. America’s rapid growth towards the end of the 19th century was also the result, not just of tariffs but of inward investment- in that case, from Britain who had decided to outsource the empire after the defeat of the Confederacy in the Civil War. Today, foreign investment provides the key to the reindustrialization of the USA and it is China in particular who can play that role. Prepare to hear Trump ringing out the slogan”The jobs are coming home!”
Patrick J.Buchanan
5th March, 2018
From Lincoln to William McKinley to Theodore Roosevelt, and from Warren Harding through Calvin Coolidge, the Republican Party erected the most awesome manufacturing machine the world had ever seen.
In These New Times 