HomeNewsPresident Trump: Tariffs A Matter Of National Security
May 31, 2018
President Trump: Tariffs A Matter Of National Security
By 1600 Staff
Why is President Trump putting taxing imports from friendly countries like Canada, Mexico and the the nations in the European Union? “It’s reciprocal. It’s a mirror tax, ” President Trump said in March.
President Trump initiated the tariffs in March, but gave our allies until now to adjust their own tariffs on American goods. They were granted temporary exemptions on steel and aluminum, which are products that America must produce if it is to be ready for a potential war. Europe had a $134 Billion trade surplus with the United States in 2016, which the president argues is due to previous administrations letting European trade abuses slide.
Canada and Mexico have been at the negotiating table recently, as the president wants to renegotiate the North American Free Trade Agreement (NAFTA), which the president believes to be among the worst trade deals ever agreed to by the United States. As negotiations have stalled, the president is following through with the tariffs he promised in March.
After repeated delays, President Trump is moving forward with the 25 percent tariff on steel and 10 percent tariff on aluminum, The United States has reached an arrangement with South Korea on steel, as well as Australia, Argentina, and Brazil. The United States has also reached agreements Australia and Argentina on aluminum.
The bottom line is that President Trump is keeping his promise to American workers on renegotiating bad trade, and would rather have disagreements now with friends than have America come up short against an enemy in a future national emergency.