Secretary Wilbur Ross Outlines The New Era in Trade Priorities After Steel and Aluminum Action…

Commerce Secretary Wilbur Ross appears for an interview with Trish Regan immediately after President Trump signed the Presidential Proclamation to advance Steel and Aluminum tariffs to protect and expand American industry. [DEEP DIVE]

Ms. Regan is one of the financial business analysts who have slowly evolved away from the insufferable Wall Street/U.S. Chamber of Commerce ‘globalist’ viewpoints, which was/is entirely built upon a false premise.  Thankfully Ms. Regan joins the ranks of economic patriots Charles Payne and Lou Dobbs.  We’ll keep working on Maria Bartiromo.

In this interview Secretary Ross elevates the discussion beyond just Steel and Aluminum and begins to expand -and emphasize- the perimeter of an entirely new American approach toward trade, reciprocity.  Indeed for the very first time in this interview Secretary Ross gives a preview into what will follow and how ‘reciprocity’ will be applied.

“President Trump is taking action today to protect both our national security and industries critical to our economy. The President’s decision regarding the steel and aluminum Section 232 reports are the result of a long and well-thought-out process led by the Commerce Department. Once again, President Trump is keeping his promises and standing up for American families, American businesses, and American workers.”  ~ Commerce Secretary Wilbur Ross

The specific target has always been China; and POTUS Trump, Commerce Secretary Wilbur Ross, USTR Robert Lighthizer and Trade Policy Adviser Peter Navarro know to hit their target they have to get past the hurdle of trans-shipments of Steel to proxy nations by China to avoid the tariff.

So what does POTUS Trump do…. he takes the position of the tariff opponents and amplifies it.  Trump’s trade policy opponents, realizing something was going to happen regardless of their opposition, started demanding “targeted tariffs”; that is, tariffs applied against target nations.  POTUS Trump brilliantly spins their position and says: ok, let’s target by granting “exceptions” to the tariffs.

What POTUS will announce is “targeted exemptions” to the trade tariffs on Steel and Aluminum.  Not “targeted tariffs”, but rather “targeted exemptions”.

The exemption approach puts more power in the hands of Team ‘America-First’ than targeting the steel dumpers directly. Team Trump will reward good behavior.

Any nation that acts like a Chinese proxy in the trans-shipment problem will not get relief from the tariffs.  However, the nations that manufacture and trade honestly will be granted tariff relief.  This allows Team Trump to evaluate the origin of the Steel used by countries that want to import their finished goods into the U.S.  If they are using Chinese Steel, the tariff applies.  If they are using their own manufactured steel, there is no tariff.

See how brilliantly that works?

By taking the position of his opposition and modifying it to enhance his own policy, POTUS has gained leverage.  The U.S.A. now holds the strength of enforcement based on American determination of origin of their material.  If the producing nation doesn’t follow the Trump rules, they will pay the tariff.  In essence, Trump is helping all manufacturing nations by positioning the United States as the “steel compliance office”.   We will determine who is using Chinese Steel and who is not.

This also gives Trump, Ross and Lighthizer massive leverage against China.  No country will want to lose access to the U.S. market by engaging in the sketchy trans-shipping arrangement with China.  POTUS Trump holds all the cards.

This approach also puts Mexico and Canada (NAFTA) on notice that if they use Chinese steel they will face a tariff despite our NAFTA agreement.  Again, more leverage.

Brilliantly played….

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This entry was posted in ASEAN, Big Government, Big Stupid Government, Canada, China, Decepticons, Donald Trump, Economy, Election 2018, European Union, India, Japan, Legislation, media bias, NAFTA, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

219 Responses to Secretary Wilbur Ross Outlines The New Era in Trade Priorities After Steel and Aluminum Action…

  1. mikebrezzze says:

    Leverage is what happens when you put Superman in the Oval Office

    Liked by 32 people

  2. wheatietoo says:

    I worry a little about our Wilburine standing outside in the cold, doing these interviews.

    Put a topcoat on, Mr. Secretary!

    Liked by 16 people

  3. Bob Thoms says:

    Wow. What a busy day in the WH…………..glorious winning busy stuff !

    Liked by 19 people

  4. Bob Thoms says:

    Lou Dobbs is not in his chair; hope his health is ok……he hasn’t looked vigorous since his return.

    Liked by 3 people

  5. Sylvia Avery says:

    I love my President, and I love his economic and trade guys. They are so good, I still pinch myself to make sure I am not dreaming. To God be the glory, and thank you PDJT and Wilbur Ross (I love you Wilbur), Steve Mnuchin, Robert Lighthizer, and Peter Navarro.

    And thank you Sundance for explaining something in a way I can grasp where before I could only intuit what was going on. (Hope you are feeling better BTW).

    Liked by 30 people

  6. starfcker says:

    Just hold on with all that happy talk, Mister Secretary. The administration is in chaos. Trump can’t find any talent to hire. The economy is going to explode because he signed those tariffs. We’re all going to die. Omarosa is mad. Stormy Daniels wants to make a buck. Governor Brown is talking tough. What about these real problems Mister Secretary. Why is everybody in the administration so focused on the economy and our security? Did CNN approve any of this? How about the Washington Post. I saw Tom Friedman frowning on TV. You act like you don’t care. I need a beer

    Liked by 41 people

  7. Deplorable_Infidel says:

    “If they are using their own manufactured steel, there is no tariff.
    See how brilliantly that works?”

    Yes, WE do. However, the MSM and FOX pundits are leaving that little factoid out when their lips are moving in front of the cameras. Lying by omission to further their agenda. .

    Liked by 14 people

    • Patsy says:

      Just can’t watch FOX anymore.

      Liked by 8 people

    • I don’t think they’re lying by omission. I honestly think they actually don’t know. Current journalism involves receiving the day’s talking points at 4am via email. Any deviation from the talking points is met with a deer-in-headlights stare. It never occurs to any of them to do any investigative work so they’d be conversant in the subject matter. For example: “we only import 2% of our steel from China”. The only person that I’ve heard counter this was Charles Payne who promptly called the figure misleading because China supplies other countries and we import from those countries instead. His observation was met with blank stares from the other pundits. Huh? Facts? Those aren’t on the 4am talking points document.

      Liked by 5 people

  8. wheatietoo says:

    “This approach also puts Mexico and Canada (NAFTA) on notice that if they use Chinese steel they will face a tariff despite our NAFTA agreement.”
    ____

    Can we do that, Sundance?
    I’ve been wondering about that…I hope so.

    The whole NAFTA agreement was so poorly written, I hope we just get out of it altogether.

    Liked by 4 people

    • NAFTA is not a problem in its own right. The real problem is China not spending any of that $800b trade deficit back in the US.
      Trump isn’t a protectionist. He is using the tariff threat to force China to spend that $800b back in the USA instead of with the Arabs for oil or Brazilians for raw materials.
      See my comment below please.

      Liked by 3 people

  9. One way trade (to the tune of $800B) is not a benefit to the nation leaking the cash. That cash is lost to the economy. $800B less cash circulating. Fewer jobs, less tax etc etc.
    In reciprocal trade, US buys $800b worth, then sells $800b worth. Not only do you have the cheaper goods, but the money comes back to keep circulating as if it didn’t leave the shores.

    THAT IS WHAT FREE TRADE IS SUPPOSED TO BE.
    In reciprocal trade, it doesn’t matter if the other nation subsidises their industries. That just means we get goods partly paid for by the tax payers of that nation.
    That’s what great economists like Milton Friedman were talking about when he said it’s not a big problem if other nations subsidise. AS LONG AS THEY SPEND THE CASH BACK WITH YOU.

    But the US dollar being a global reserve currency, the Chinese didn’t have to spend that money back in the USA. They use it to buy oil from the Arabs, raw minerals from Australia, Sth America and Africa.

    Reciprocity is the key. NOT subsidies or tariffs.In reciprocal trade, the nation imposing tariffs or quotas is the loser…ALWAYS.

    The opponents of Trumps tariffs only see the “tariffs bad” end of the equation. They are correct, tariffs are bad and so are quotas (with the exception of security sensitive goods). But not having reciprocal trade is the real killer.

    Trump is using his negotiating skills to “force” China to spend more of that $800b trade deficit back in the US instead of elsewhere.
    Once that happens, China can subsidise to it’s own detriment. They’ll be making goods cheaper for the American public at the expense of their own.

    Liked by 2 people

    • wheatietoo says:

      I disagree about govts subsidizing the industries in their countries.

      It gives those industries a huge unfair advantage over our domestic industries, who are ‘on their own’.
      Not only are our domestic industries on their own…they are having to operate under the Burden of taxes, mandated high wages and govt regulations.

      It’s like the Olympics…where our athletes are having to compete with athletes from other countries who are completely supported by their govts, and have no other ‘job’, other than preparing for the Olympics.
      Our athletes have jobs and have to get to the Olympics on their own.

      ‘Reciprocity’ doesn’t mean that we can completely dictate to other countries how they do business.
      We cannot dictate to them where they buy their raw materials.

      We can only provide incentives…and dis-incentives.

      So, NO…we are not a “loser” for imposing tariffs.

      The whole world has been waging a trade war against us, for decades.
      Our President inherited this situation…and he is fighting back, for us, which is what all our previous presidents should have done.

      Liked by 13 people

      • Michael says:

        I listen to NPR Market Place when I am in the car that time in the evening. Recently I heard them blathering on about tariffs and how we should buy where ever cheapest.
        I screamed at the radio! (ineffective but it felt good)
        Is it OK to buy slave labor products because they are cheaper?
        Is it OK to buy from some of the worst polluters on earth?
        Do they think the pollution respects a line on a map?
        Is it OK to subsidize shortened miserable lives of people working under such hellish conditions?
        !@#$%^&*()_

        Liked by 14 people

        • wheatietoo says:

          Exactly!
          Leftists are such hypocrites.

          The Left is all ‘for’ heaping every imaginable burden on our domestic businesses.
          Then…they turn around and buy the cheaper products from foreign businesses which have no such burdens!
          It’s outrageous.

          Liked by 6 people

          • MAJA says:

            No kidding. When they go on about how we need illegals to pick produce and do the jobs Americans won’t do, I ask them why they support slavery for all intents and purposes. They should be ashamed of themselves to want an underclass so they can have cheap produce and housekeepers. The latest insult floating around Libby world is that conservatives are incredibly selfish because conservatives are against helping people with tax paid entitlements.

            Liked by 2 people

            • G. Combs says:

              The the libs should pay in EXTRA taxes to support their favorite under classes instead of expecting US to do so.

              Definition of a liberal: Someone who uses YOUR MONEY to buy someoneelse’s favor.

              Like

        • Vince says:

          What if their minimum wage is below $15/hr?

          Liked by 1 person

        • WSB says:

          It’s OK if it’s about climate change….touché!

          Liked by 1 person

        • jmclever says:

          The Death by China documentary shows that the majority of pollution in the air precipitating over CA comes from China via the jetstream. We could turn the environmental weapon against China and refuse to buy their stuff as long as they are polluting our land.

          Liked by 2 people

      • Michael says:

        Well said! Targeting certain vital industries with malice and forethought. Goes beyond financial into world domination.

        Liked by 5 people

      • We’ll have to disagree.
        If China wants to subsidise their toy makers (for example), American toy makers may be disadvantaged, but reciprocity means that money is spent in another industry in the US. Usually that means in another industry that’s more efficient. Good for the US. You want as much of your capitol deployed in the most efficient industries.
        Just like you put your savings into the best return investments.

        The economic arguments for and against tariffs have been fought and won decades ago. There is no valid argument for tariffs. The nation imposing tariffs always loses….always.

        The problem for the nation at the receiving end of the subsidised goods is the reallocation of capitol and labor. In a nation of 300+ million people, someone will always be negatively affected. This is true with local competition as well.

        If tariffs were good for the local economy, then states could impose tariffs (or similar constitutional mechanisms) to protect their state based industries.
        But we all know America is richer for allowing states to trade freely among themselves. It’s no different with international (invisible borders) trade AS LONG AS THE MONEY COMES BACK.
        Defense related goods and industries are exempt purely for defense reasons, not economic reasons.

        America is better off with free and reciprocal trade. But the dollar being a reserve currency, trading partners use it to trade with other nations. That money leaves the US shores permanently reducing growth. (an $800b trade deficit is equal to 4.5% lower GDP ANNUALLY).
        If that $800b was to come back each year, the US GDP would hit around 7-8% where it should be, considering how industrious and innovative the American people are and always have been.
        At those rates of growth, you don’t need toy makers or spanner makers or mass produced clothing makers.

        Using the threat of a trade war, and using a defense sensitive product like steel is a good negotiating tactic. The idea is to bring the deficit back to the US (just like Trump wanting companies to bring back their overseas profits back to the US by reducing the punitive taxes on overseas profits).

        America isn’t going to get rich by making toys or hardware tools. She will get rich by producing and innovating in the tech industry. The American public is the highest educated in the World. They can and will do better than working in production lines.

        (p.s. Low skilled immigration puts a spanner in the works. That wall at the Southern Border is just as important as these trade negotiations. The wall is a must).

        Liked by 1 person

        • wheatietoo says:

          Agree about the Wall.
          But a lot of the other stuff you say is just…nonsense.

          Like this little gem:
          “The economic arguments for and against tariffs have been fought and won decades ago. There is no valid argument for tariffs. The nation imposing tariffs always loses….always.”

          Tariffs have worked real well for all the other countries who are imposing them on us.

          Liked by 11 people

          • MM says:

            Nailed it again Wheatie!!

            Liked by 3 people

          • If that was true, then all the other economies would be stronger than Americas.
            The EU region has a bigger population than America. They have similar education levels and they have some massive industries.
            Yet they are way behind America in the economic race. That’s because they subsidise inefficient industries and the farming sector.
            Propping up inefficient industries is no way to get rich. This is not nonsense, it’s common sense.

            You don’t make your own bricks, nor forge your own knives nor cut down your own timber.
            Others more efficient than you do those things while you do what you’re good at.

            You trade with shops every day. YOU HAVE A TRADE DEFICIT. But you also have a product that you couldn’t have produced yourself if you spent a years worth of income trying to do so.
            Trade is trade despite invisible borders. RECIPROCITY is the key.
            Protecting intellectual property is also a must. Other than that, you will not become rich basing your economy on low skill industries.
            That doesn’t mean to say there should be no low skilled industries, but you shouldn’t hope to get rich relying on them.

            Like

            • Deb says:

              But “getting rich” is not the only goal.

              We are already the richest nation on the planet.

              We obviously aren’t motivated by greed. We are motivated by love of country and our fellow man. We want strong local economies that can support small businesses. This leads to happier, healthier communities. We want national security, we need strong steel and aluminum industries for our national defense.

              We aren’t motivated by money. Money is simply the means by which we achieve our goals. Our goals are the pursuit of happiness, the assertion of each individual person’s dignity, and the freedom and opportunity to pursue the destiny of omens choosing. In other words, the “American Dream.

              Liked by 3 people

            • wheatietoo says:

              “You trade with shops every day. YOU HAVE A TRADE DEFICIT. But you also have a product that you couldn’t have produced yourself if you spent a years worth of income trying to do so.”
              ____

              If you don’t have a Job…because our industries have been shipped overseas…then you have no means to “trade with shops”.

              And those shops aren’t there either, because they couldn’t compete with the Big Box Stores that are full of Cheap Imports.

              You are making a nonsensical argument there, Soros.

              While each individual doesn’t make or grow everything that they need…the division of production within a country is a symbiotic relationship.

              That symbiosis and interdependency is threatened…and harmed…when outside products are introduced into the country which destroy the livelihoods of millions of people.

              It’s like when a foreign, invasive species is introduced into an ecosystem.
              That invasive species threatens the natives species…and ends up destroying the balance in the ecosystem.

              Liked by 3 people

            • map says:

              This is largely incorrect. You are confusing free trade within a sovereign nation with free trade between sovereign nations.

              Whenever you trade with a sovereign state, you will inevitably import the regulatory structure of that state. That regulatory structure is determined by political rules, not economic ones. This is why your notion of “efficiency” does not apply.

              China subsidizes its businesses for export as a plank of economic warfare, to politically dominate a foreign entity. This is a zero sum game.

              Like

        • Soros, you’ve completely missed the point.
          Your comments ignore the following:

          FIRST: This is all about National Security underpinning Presidential authority to impose tariffs, comprising economic security, unemployment security and critical materials & industries & technologies.

          SECOND: Watch and learn what our Trade Policy foundations involve.
          • Free trade
          • Fair trade
          • Reciprocity

          Liked by 5 people

          • @BlackKnightRides
            You claim I missed the point yet you missed what I said in another comment above.

            “Defense related goods and industries are exempt purely for defense reasons, not economic reasons.”

            So you telling me this is all about National Security is telling me something I already claimed above.
            Furthermore, when you engage in a civil discussion with comments like “you ignore” meaning I’m ignorant by definition, and “watch and learn” implying that you have something to teach me (maybe you do, or maybe we both have something to teach each other eh! mate?) then that’s the end of the discussion as far as I’m concerned.

            We’re on the same side, we both want a strong America and Americans in well payed jobs (I’m an Aussie ffs) but our views and ideas on how to achieve that is a bit different.

            I’M ALL FOR THESE TARIFFS TRUMP HAS SMACKED ON THE CHINESE AND OTHERS. Not because I agree with tariffs (except defense needs) but because I believe Trump is trying to reduce the trade deficit by scaring the $hit out of globalists with tariff threats.
            They probably think Trump is just mad enough to do it, so they’ll come to the table. The Chinese will spend and invest more in the USA and tariffs will be irrelevant as they should be.

            Riddle me this please. Tariff is a tax on the consumer. When and where, ever in history has an economy prospered by raising taxes?

            Like

            • The Trump solution will be less Chinese Cheating, more exports to China and NOT more Chinese ownership of critical American Industries or anything else in America that could be sabotaged against our national interest. China is NOT our FRIEND.

              Liked by 2 people

            • Michael says:

              I must apply Grandma’s question when I was being selfish or stupid.
              “What if everyone did that?”
              When I was young and dumb I thought as a hardhat my job was safe?
              How are they going to export building a building?
              Boy did I get a hard lesson! 😦

              We can get virtually EVERYTHING cheaper somewhere else.

              If everything comes from somewhere else how do we pay for it?

              By selling off our farm land of which the fruit is then shipped out generating NO income for the USA?

              If someone is beating me with a stick I’m going to hit back!

              Like

          • k4jjj says:

            There is no such thing as free trade in the world. Countries are subsidizing their manufacturing and are protecting their domestic markets.

            America has been engaged in stupid trade. No longer. We are not starting a trade war. We have been losing a trade war for decades.

            No country can lead the world unless it has heavy domestic manufacturing which includes the creativity, energy, domestic raw materials and processes. Those resources are critical to national security.

            The other major factor here is the massive theft of intellectual property by China. Our brightest and most creative minds are being robbed by Chinese thieves. China could never keep up with the USA if they weren’t stealing every innovation of American minds. That China must steal new American ideas and processes is proof they cannot lead the world. They are not creative enough. Copycats are always a day late and three steps behind.

            Liked by 3 people

            • Michael says:

              Well said!
              The other major factor here is the massive theft of intellectual property by China. Our brightest and most creative minds are being robbed by Chinese thieves.

              Like

        • Conservativeinny says:

          As someone working in the Tech Industry for over25 years, I am here to tell you very few Americans are being hired and the jobs continue to be offshored.

          Liked by 2 people

        • rf121 says:

          ********. Where did the US get its income prior to to income tax? Through tariffs. So the US was a total failure from 1789 through 1917? Really?

          Not everyone can thrive in the tech industry. Same attitude that says everyone should go to college. We need a mix in all industries and ensure we do not become dependent on any country for our progress and survival.

          Pay decent wages so workers can survive and support themselves and the local economy.

          Free trade does not exist and has never existed except in Universities. Do you write for National Review?

          Comment edited by Admin…

          Liked by 2 people

          • rf121 says:

            What’s up with the emphasis there admin? It is late in the day. Adult hour.

            Like

          • todayistheday99 says:

            We need to consider breaking up some of the monopoly tech companies such as Google.

            Liked by 1 person

            • Google did not even exist 20 years ago
              The company was incorporated on September 4, 1998.
              Why punish success ?
              Oh … and btw .. only in the USA has this been possible.
              So .. if you develop a unique product / service .. you become a monopoly … and EVIL ???
              It is called vision. Few of us have it. And even fewer know how to execute.
              (I have it some .. but LOUSY at execution)

              Like

          • Michael says:

            Tech industry is also being exported as fast as possible so no not even tech jobs will remain.

            Like

      • usayes says:

        You are so right wheatie! Subsidies and dumping are bad as they “unlevel” the playing field. As you so correctly analogize, true reciprocal trade means that I earn my gold medal in pole vaulting (while working part time at Domino’s) competing against my British counterpart (who works part time at Pizza-hut).

        What is interesting to me is how PDJT is going to play out NAFTA. I’m sure the exemptions provided to CND and MEX today may have made them a bit giddy, but why do I think they both face Lucy yanking the ball in the near future! MAGA!

        Liked by 4 people

        • Michael says:

          When I buy a part for an aircraft I can get documentation telling me where it came from all the way from the mine the ore was dug.
          Same thing with Canadian or Mexican imports.

          Like

  10. emet says:

    Would like to see Mexico stop importing precursor chemicals from China, and China stop selling them to the cartels. 80% of the precursors im Mexican meth are from China.

    Liked by 6 people

  11. rashomon says:

    One has to appreciated the way PDJT uses experts to work through the problem/choices/solution dilemmas he is facing, then goes on to the next topic. He accomplishes much in a short time considering how long some of these issues have been facing our country and eating away at our stability.

    Congratulation to the administration for the inroads with North Korea! YUGE move!

    Liked by 6 people

    • jmclever says:

      That’s because he actually wants the problem solved, as do We the People. Other politicians just wanted to use the issues to have something to talk about on the campaign trail (at best) or use that issue to get money from various lobbyists to get rich. President Trump has been studying these problems and telling anyone who would listen what the solution was for decades.

      Liked by 1 person

  12. Covpepe says:

    Trump should really throw the entire system on its head by running as a Democrat in 2020. Could you imagine the autistic screeching from the left?

    Liked by 2 people

  13. FofBW says:

    That is why the GOPe are so pissed. PT is making them look bad. Won’t be able to use their old schemes any more

    Liked by 14 people

    • rf121 says:

      The problem for them now becomes very real. PT is now implementing policies that will prove or not what the Free Trade crowd believe in. If PT succeeds then they look like fools. Before they could talk smack. Now we will find out.

      Liked by 2 people

      • piper567 says:

        One of the things I so enjoy ab all that Trump has accomplished is how each time, no matter what he has proposed, one of the outcroppings is this: the ones who oppose him unveil their true colors.
        By and by, we are learning who the crooks and traitors are.
        I think in Congress, we are now up to, what, 8 White Hats?
        Gives us the first clear picture of the traitorous makeup of our Congress and how it is by no means “our” Congress.

        Liked by 2 people

  14. voiceofreasonoriginal says:

    i’ve long thought “free trade” Republicans are willfully blind to the fact that it’s not a “free market” when your competitors use currency manipulation, dumping, slave labor, and stolen intellectual property.

    “free trade” sounds good in theory, but it can’t work if places like china cheat.

    Liked by 5 people

  15. Musicman3636 says:

    Wilber Ross is my favorite cabinet member. Hands down. When he speaks its mesmerizing and I don’t quite know why

    Liked by 10 people

    • littleanniesfannie says:

      He is a superstar in a room of superstars!

      Liked by 5 people

      • Bonitabaycane says:

        Wilburine is one of the “Killers” that our President mentioned during the campaign that he would enlist. He is steamrolling the Media and the Globalists with facts and an America First logic that is very powerful. Absolute Superstar!!

        Liked by 7 people

    • Wend says:

      Yoda.

      Quiet power from one so tiny.

      Liked by 8 people

    • doit4atlas says:

      Very true! I could watch the man speak forever!

      Liked by 2 people

    • missilemom says:

      He makes the message understandable. He loves the POTUS and is not intimidated by anyone. I thought the cans were genius. Although his expression rarely changes, he obviously was happy tonight. Great interview.

      Liked by 3 people

    • cjzak says:

      He is an amazingly intelligent guy. They all are in that immediate cabinet. Don’t discount TRex’s roll in all this either. They are all calm, steadfast, completely knowledgeable about what they are doing and why and can handle the press with a presence that shows the msm what dolts they are. These guys don’t have to do anything but explain their positions and the press is melted into a pile of blubber. It is all the most amazing thing to watch and I am thrilled it is happening during my lifetime. Honestly, I’m just blown away by these guys.

      Liked by 4 people

      • usayes says:

        It helps that they ALL have had to contend with the stilted cross border trading system as it’s been in place the last 40+ years. They know about rules of origin, regional content, tariff shifts, transshipment. Sounds in the weeds, but it’s essential to know this stuff if you want to run a successful international business. They all do and they all know what needs to be “fixed.” You learn this stuff on the ground – not at Hahhhvaad biz school.

        Liked by 4 people

        • Hoosier says:

          I worked for a trading company when I was young as a trader. You are so right. Me moved physical stuff be it raw sugar, coconut or palm oil, milk powder, heiniken beer, corn, pure capsicum, hot dogs custom done for the Japanese palate for baseball stadiums… etc. Hell, I cornered the safflower oil market one year competing with the Ivy League lame brains. There is a hell of a lot you have to know with just commodities, never mind finished goods.

          Like

      • jmclever says:

        As Peter Navarro said in one of the interviews last week, “I keep my head down and do my job.” The Titans of Industry became powerful because of a strong sense of determination and solid work ethic. The more we don’t hear from them, the more they are accomplishing. And the cabinet members only go on the talk shows when it is part of the strategy. Same goes for the white hats in the Congress who are working on the FBI/DoJ/State Dept corruption.

        Haven’t heard from Mick Mulvaney for a while. That means the CFPB is being re-formed beautifully and no one will be able to stop it.

        Liked by 1 person

    • WSB says:

      Yoda…esque.

      Liked by 1 person

    • old deplorable owl says:

      I think it’s because he speaks with a steady, measured cadence, and you subconsciously realize that every word was scanned at lightning speed before it was uttered. He never gets excited, and he NEVER jabbers! So different from what we see and hear from the ‘elites’ 24/7.

      Liked by 1 person

  16. Michael says:

    I recall reading there was only one plant remaining in the USA made a particular high strength metal essential for national security and they were hurting. Can anyone here point me to where I read it? Most likely here but keeping up with Sundance is like drinking from a fire hose! LOL

    Liked by 2 people

  17. KBR says:

    I wonder if Wilbur Ross, known as a “killer” in trade and business and finance…ever would have guessed he would have a true and adoring fan club among deplorables?

    I think he knows now, and I think he likes it too. JMO.

    Liked by 9 people

    • Bonitabaycane says:

      He was smiling before the interview. Right then, I knew it was going to be a great interview, as usual. He never disappoints!

      Liked by 4 people

      • piper567 says:

        I don’t watch TV, so I do not know this young woman who talked with Ross.
        But she did not seem to have that smarmy-I-am-so -wonderful affect ab her that so many insolent folks have when interviewing their superiors.
        I liked her. She also let Wilbur talk when he felt like talking: she didn’t cut him off.
        What a pleasure THAT was!

        Liked by 1 person

  18. The Boss says:

    FTA: “Ms. Regan is one of the financial business analysts who have slowly evolved away from the insufferable Wall Street/U.S. Chamber of Commerce ‘globalist’ viewpoints, which was/is entirely built upon a false premise. Thankfully Ms. Regan joins the ranks of economic patriots Charles Payne and Lou Dobbs. We’ll keep working on Maria Bartiromo.”

    Trish’s whole demeanor has dramatically changed for the better. She seems so happy and at peace too. She is one of my faves now. As for Maria, she slipped the other day on her tariff interview with Navarro. And she (I think) had David Stockman on this AM to keep the rant going. I think Stockman was rather amateurish in his assessment. Maria is worth saving.

    Liked by 8 people

    • Trish is one of the VERY few capable of insightful questions that open multiple paths for discovery, with follow-up questions to tap the how and why behind policies and practices.

      Her style is entertainingly inviting.

      Her results are amazingly enlightening.

      Her open-minded approach continually enables her to take her game to new levels, while her peers wallow in their self-congratulating ignorance.

      Liked by 3 people

    • piper567 says:

      thanks Boss. that slipped through when I was reading sundance…I was paying more attention to what he said ab Wilbur.

      Like

  19. Pam says:

    How can anyone not love Wilbur Ross? He is one of POTUS’ most brilliant picks. The globalist Koch brothers are totally disconnected from reality or as Sundance so eloquently puts it, main st vs. wall street.

    Liked by 4 people

  20. georgiafl says:

    McCain thinks he knows better than President Trump and Wilbur Ross. (No word of him stepping down on his site.)

    Liked by 3 people

  21. Brant says:

    Kind of on the tariff thread. Lisa Mei Crowley via another twitter noted it looked like Trump formed a “Q” when he was at the podium talking announcing the tariffs. A large open handed sort of sweeping circle with a little tail. It could have been a capital Q. Even to include from our perspective (mirror image to him).

    Who knows.

    Liked by 3 people

  22. dreamguardian007 says:

    MAGA!

    John McNaughton painted this picture of President Trump and named it “Respect The Flag.” The painter says, “I painted President Trump picking up a shredded and trampled flag off the football field. He holds a wet cloth in his right hand, as he attempts to clean it. I respect America. I respect the flag, the anthem, and the President; because he doesn’t back down to those who do not.”

    I hope this link works. It’s a wonderful painting!

    https://gyazo.com/6da0866df1b8dfe59985f765fca27c2b

    Liked by 4 people

  23. Curry Worsham says:

    Trish Regan is smart, beautiful and listens without interrupting. A perfect woman!

    Liked by 3 people

    • Bakokitty says:

      Yes, and I rarely watch Faux but I do watch Fox Business channel because they have seemingly smarter hosts. I like Trish also because she is not shrill.I am tired of some of the shrill hosts on Faux. (Dana, and the same old repetitive female liberals they keep on their roster. You know, the ones who just keep talking over everyone.

      Liked by 2 people

  24. fred5678 says:

    My fellow alum … they didn’t have girls, not to mention hot coeds, when I was at Exeter.

    “Regan was born in Hampton, New Hampshire on December 13, 1972. She attended high school at Phillips Exeter Academy. During her time in high school, Regan was awarded first place in the Harvard Musical Association’s competition.[citation needed] She was Miss New Hampshire and represented her home state in the Miss America 1994 pageant.[1][2] Regan went on to study voice in Graz, Austria, and at the New England Conservatory of Music in Boston before enrolling at Columbia University. She graduated cum laude from Columbia with a B.A. in U.S. history in 2000.” Wiki

    Liked by 3 people

  25. President Trump can now DOUBLE the Tariff on CHEATERS to compensate for EXEMPTING Fair and RECIPROCAL Trading Partners.
    * “Any nation that acts like a Chinese proxy in the trans-shipment problem will not get relief from the tariffs.”
    * President Trump very specifically noted that he had full authority to RAISE Tariffs as well as reducing them or granting exceptions.

    “RECIPROCITY” now takes on a whole new meaning:
    • You balance trade with us, we’ll agree to lower tariffs to ZERO as you do.
    • You use tariffs against us to create a trade deficit, we’ll match them for access to our YUGE market.
    • You abuse us, we’ll double the pain for you.

    Liked by 4 people

  26. Mickey Wasp says:

    All one has to do – as I’m sure the Trump Admin has done – is just count the tonnage of all metal mined – and then the actual refineries for said material.
    Canada exports equal to 16% of all imports to America – yet they do not have the capacity, nor mining operations or refineries to equal that number… Where you be getting the extras Trudeau? And the same goes for the sweating Mexico President…
    Show us the mining operations and refineries.

    Liked by 4 people

  27. fred5678 says:

    Trade, climate, immigration, law enforcement, world peace … when will it ever end???

    And, it’s only …Trump Administration Day #413.

    Cannot . Be . Real. Political progress NEVER moves this fast.

    Liked by 5 people

  28. Ono says:

    Trump and crew…

    Getting it done and making the media look like the losers they are!

    Liked by 2 people

  29. Completely overlooked in Wilburine’s comments:

    American capacity for steel and aluminum will SIGNIFICANTLY EXPAND:
    • The end to underpriced imports invites domestic producers to displace that volume by adding shifts to existing capacity or activating capacity that’s now mothballed.
    • Activating underutilized capacity delivers YUGE incremental profits because fixed costs have already been absorbed by current volume.
    • Producers can and will compete VERY aggressively on price to realize those margins.

    Our surviving producers are FAR more efficient than foreign producers – and even more so if those producers get penalized as polluters.
    • The tax cuts and above incremental profits from displacing imports will provide significant capital to expand and displace more imports.
    • Companies that repatriate the $4 Trillion in overseas profits will provide a YUGE incremental pool of capital for capacity investments, either directly or indirectly by flooding the market with an excess supply of money.
    • The first-year writeoff of capital investments in new capacity makes it YUGELY lucrative to expand capacity.

    Liked by 5 people

    • WSB says:

      I always cringed at the casino that replaced some of the Bethlehem Steel real estate.

      Liked by 2 people

      • Pat Frederick says:

        and guess who frequents that Casino? the Chinese
        My father (God rest his soul) loved to go to the Sands Casino in the last years of his life because it was close to their home. Within a year of the casino opening, he was disgusted he said by the number of Chinese tourists bused in daily. They would sit at the slot machines, he said, and eat sandwiches they brought with them, but would rarely play the machines at all—just sit and take up space. They would wash in the bathrooms and often lounges would have to close because of bed bug infestations.

        Liked by 1 person

  30. fred5678 says:

    CNN talking head just said that May talks would be fine, but was worried that POTUS Trump would not be able to deal with Kim in person. Realy,. She said that. The penultimate deal-maker would not be able to negotiate with Rocket Man. Honest. She really said it.

    Liked by 5 people

  31. MAJA says:

    It’s exhilarating to watch what PDJT achieves. It’s like watching a fantastic ice hockey game, or listening to exquisite music. You know you are in the presence of greatness.

    And for all those who slam PDJT for speaking of his successes and achievements…that’s the difference between the lion (and other alphas) as compared to betas, alphas enjoy and celebrate their awesomeness.

    The 0bama crew was like watching the keystones cops.

    Liked by 2 people

    • WSB says:

      Sigh…again.

      Liked by 1 person

    • Jase says:

      Flake is that guy at the party who gets drunk on other people’s beer and throws up in the kitchen sink. He is, as usual, just barfing in the sink again.

      Liked by 2 people

    • sunnydaze says:

      Cannot wait to NEVER see this guy and his crooked nose again.

      Definition of POS right there.

      *Somebody* is paying him well for his constant disruption. His kind of vitriol doesn’t come out of “nowhere”.

      Liked by 1 person

    • Pat Frederick says:

      pardon my ignorance, but who has the power here to impose the tariffs? If the President does, how can Congress limit his power? Sure they can propose legislation, but legislation that tries to take over a Presidential power will fail in SCOTUS. At some point I hope the Trump Train turns into more of a Trump Tidal Wave and all these “persisting” jerks get washed out to sea…

      Liked by 1 person

      • thedoc00 says:

        Per the constitution, Congress is supposed to be responsible for raising tariffs, to fund the Federal Government. The interesting part of the discussion on tariffs, in the Constitution, however, Trump is using his authority as president to protect the nation and welfare of its citizens, in the constitution, to support his actions. You need to look beyond the shallow discussions in all the media, who equate national security with military power. Note that “security concerns” also includes preserving the welfare and way of life of its citizens, which does NOT always include military actions or concerns. Security has a deeper context.

        Liked by 1 person

  32. sunnydaze says:

    Wilbur Ross is fantastic. I just love this guy.

    We are so fortunate that we have him.

    Liked by 1 person

  33. kyrissaean says:

    “If they are using their own manufactured steel, there is no tariff.See how brilliantly that works? dnc love to penalize”made in USA” with tariff on aluminum=example soda tax,but outsource=tariff free

    Liked by 1 person

  34. William Dorritt says:

    China’s Strategy is to defeat the USA without firing a shot.
    The Chamber of Commerce, Globalists, Wall Street, EU and the Congress have worked towards this same goal.

    80,000 factories moved or destroyed, and 25,000,000 jobs lost in the USA, a full scale nuclear strike could not have done this much damage.

    China must be pushed out of the Panama Canal, by Panama, now; and replace with a NATO country.

    China has spent at least $150 Billion to turn Venezuela into a shit hole, and occupy the area between N. America and S. America, they must be pushed out.

    Liked by 1 person

  35. jmclever says:

    Next up, POTUS Trump and his financial team use the rules of the WTO to dismantle China. I don’t know how, but it is their M.O.

    Liked by 1 person

  36. Gary Ingle says:

    Trump is literally re-coining the phrase “it’s the economy stupid”. I love my POTUS!

    Liked by 1 person

  37. Lopeover says:

    These tariffs are good. We need high quality steel for our Military and infrastructure. Union workers have been begging for this for over 30 years! Significant.

    Liked by 1 person

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