Without apology CTH continues to state all opposition to President Trump finds the epicenter of motive behind the economic policy. There are trillions at stake.
Multinational corporations and global financial interests have more than a generation of effort invested within the modern trade and economic constructs that President Trump is challenging head-on.
Politicians do not construct legislation, K-Street lobbyists do. Hundreds of millions have been spent purchasing politicians as a sales force to protect those financial interests. Challenge their financial trade schemes and you are threatening the livelihood and financial systems that generate massive wealth for very powerful people. Additionally, the downstream effect threatens the affluence of the professional political class.
That said, there are American interests who will benefit, it’s just not popular within the cocktail party circuit to admit it:
The retaliatory plan to slap tariffs on U.S. aluminum scrap and some steel products may boost American supplies, lowering raw-material prices, says Zaner Group LLC’s Peter Thomas. That could coax some metal producers to restart unused capacity in Rust Belt states if infrastructure spending picks up.
“In Indiana they’re going to be making a huge push to get things fired up,” Thomas, a Zaner senior vice president, said Friday by phone.
One aluminum scrap trader agrees with the premise, but he says the other side of the coin is that suppliers could be the biggest losers. Marvin Polikov, a vice president at aluminum scrap trader Metal Exchange in St. Louis, also says companies need a lot of time before they can, and probably would, restart unused refineries. (read more)