Commerce Secretary Wilbur Ross appears on Sunday Morning Futures with Maria Bartiromo to talk trade and tariffs amid the apoplectic drum-beating from the Wall Street crowd and U.S. Chamber of Commerce.
Secretary Ross explains the use of Trade Section 232 for national security. The U.S. capability to produce steel and aluminum is a vital interest to national security. The World Trade Organization (WTO), a collective enterprise of multinational corporations, is angered by the use of section 232 because it works around their ability to file complaints.
The essential point to drive home is that for the past 30+ years U.S. trade policy has been driven by Wall Street and financial corporate benefactors to the detriment of the U.S. middle class and a manufacturing economy. It is not necessary to argue the outcome, we can all clearly see it. The Trump objective is to restore a balanced U.S. economy, stop the exploitative export of American wealth, and stabilize our own middle-class.