by Tom Aswell, Publisher of Louisiana Voice
As Vice President Pence QUIETLY CATNAPPED through the State of the Union Address on Feb. 5, Donald Trump declared, “We will never be a socialist country.”
Fast forward to May 13 (that’s the day before yesterday and barely three months after that SOTU declaration.
Trump ramps up his trade war with China, imposing new tariffs on Chinese imports that he claims will bring money into the U.S. treasury when, in fact, the proposed tariffs only mean that U.S. consumers will be paying more for goods from China.
According to President Donald Trump, the United States cannot compete in global trade because of import tariffs. Ultimately, the president says, the cost at the market is too high for American products. But, is this the only issue for whatever deficit this country might possess as we engage in a trade war of sorts with our closest allies and against one major competitor, China?
According to Tulane economist, Peter Ricchuiti, there are a number of reasons for the inbalance and not just tariffs.
Might President Donald Trump, whose anti-regulations policies have helped boost the economy, reverse some of the country’s gains with his trade policy, specifically tariffs and potential trade war?
That appears to be the question that many economists and business persons are wondering right now as the tariffs have begun but has not filtered down to some of the component manufacturer’s yet. Yet! Which is the point that Jay Lapeyre appears to be making in my interview that I did with him yesterday.
Tariffs. Trade war. Who wins? Who loses? What might the impact be on the State of Louisiana and its businesses?
Forgive me, but, I think I’m coming down with a bad case of Future Shock. At least, after discussing technology and digital cities with Chelsea Collier, the founder of Digi.City, I am somewhat in awe as to how far along the way other cities and countries are in making themselves smarter, more efficient, more Internet driven.
If true, this one should be easy.
President Donald Trump, according to a variety of articles hitting the Internet ,is trying to help a Chinese telecom company ZTE in a controversial move given his prior statements about the Chinese’s business practices. The problem with this mystery transaction is that it might, and I say might, be totally unethical, if not, unlawful.
From a pure theoretical economic standpoint, which states would be hurt by a trade war?
If you looked only at two numbers, GDP and percentage of the GDP, two states, very important to the political future of Donald Trump and the Republican Party, are Michigan and Louisiana.