Democrats' once unbelievable support for high tariffs on foreign countries has evaporated. Whimpering. Ghosnkaput.
Why: President Donald Trump's recent tariffs, particularly the high tariffs on China, what Trump has defended for many years. But if Trump is for that, Democrats have to oppose it, even if they oppose it.
So, White House spokesman Karoline Leavitt reread the provocative Tirade representative of Rep. Nancy Pelosi in 1996, while others elicited quotes from New York's Democratic minority leader Chuck Schumer and Vermont socialist Bernie Sanders.
Customs dispute
Trump is taking heat away from the heat in order to impose tariffs on Mexico, Canada and other countries with an executive order on April 2. The President has set out why import tax targets must be paid.
Citing the World Trade Organization, Trump explained that “the US has a tariff rate of 3.3% on the lowest average (the most favorable country) in the world, and many of its major trading partners, such as Brazil (11.2%), China (7.5%), European Union (EU) (5%), India (17%) and Vietnam (9.4%), have important average rates.
And he continued, some tariffs, such as those in cars, are worse than others.
Furthermore, these average MFN tariff rates hide much larger contradictions across the economy of tariff rates applied to certain products. For example, the US imposes a 2.5% tariff on passenger car imports (including internal combustion engines), while the European Union (10%), India (70%) and China (15%) have much higher duties on the same product. For network switches and routers, the US imposes a 0% tariff, while for similar products, India (10%) collects a higher rate. Brazil (18%) and Indonesia (30%) impose higher tariffs on ethanol than the US (2.5%). For rice in the shell, US MFN tariffs are 2.7% (AD Valorem equivalent), with India (80%), Malaysia (40%) and Turkey (average 31%) imposing higher rates. Apples are not tax-free, but not in Türkiye (60.3%) and India (50%).
Trump also explained that the country lost 5 million manufacturing jobs between 1997 and 2024. This is a trend that has to be reversed.
Therefore, Trump ordered mutual advertising courage tariffs on trading partners, starting at 10% and rising accordingly.
China was 34%. Yesterday, Trump supported China's tariffs, punishing the country with a 125% tariff today and suspending other import taxes for 90 days. The stock market rose 9.5%.
Confused Democrats
Democrats are by their side. The symptoms of Trump's Shrinkage Syndrome are against anything Trump does.
Schumer says Trump must be tough in China, but he can't be too tough. Therefore, efforts are made to stop Trump's tariffs by law.
“Don't make a mistake – the president's rigged and chaotic trade war is nothing more than a tax on American families,” complained Schumer.
Trump is leading America into a recession and has no plans on how to correct the crater economy. We are proud to co-host this law because the Senate has the power and power to stop this insanity and we have an obligation to act in a bipartisan way to abolish these tariffs. It's time for Republicans to stand up to American families, cut costs, save retirement funds for seniors, and prevent a global economic crisis.
Schumer is particularly concerned about the impact of tariffs on New York.
Pelosi got caught up in the club with Trump's words from former President Reagan.
“The Trump administration's inequality incompetence protects our economy with a self-harmful disaster that leaves hardworking American families, bearing the brunt of pain,” she said. “Don't make a mistake. President Trump's pointless tariffs will raise prices, emit retirement savings and push us on the brink of a recession.”
Reagan said he declared that the 1930 Smoot Holy tariffs caused a great pression. “We need to be careful of demagogues ready to declare a trade war with our friends — weakening our economy, national security, and the free world — said Reagan, who imposed a 45% tariff on imported motorcycles to save America's last motorcycle manufacturer, Harley Davidson, while everything was waving the American flag.
“The words of President Reagan at the time were true, and today were true. I hope that Trump and our Republican colleagues will listen to his wisdom,” Pelosi concluded.
Sanders complained that tariffs in Canada would harm Vermont.
Words from the past
A few years ago, as Levitt pointed out in the Presser, the three of them played another song.
“In fact, Democrats have long said that the United States has been torn apart by countries around the world,” she said. “They say that because they're President Trump.”
Continued Leebit:
In June 1996, Nancy Pelosi spoke on the house floor. At the time, she urged her colleagues to fight current trade policies that contributed to the US trade deficit with China. In fact, Nancy Pelosi said, “How far does China have to go, how much it is being suppressed, how big the trade deficit is, how many jobs it has to be lost for American workers, how much dangerous spread exists before this House of Representatives member says “doesn't support the status quo.”
These are the words of Nancy Pelosi in 1996. Well, President Trump is finally answering her phone 27 years later. Nancy Pelosi can thank President Trump today for the 104% retaliatory tariffs that will be enacted on China.
Schumer was hoping for a tariff of nearly 30% on China.
“I'm telling the Chinese that their unfair trade policy needs to be over,” Schumer said on the Senate floor. Schumer hoped to threaten the Chinese with “dramatic outcomes.”
“Chinese people have enjoyed a massive trade surplus with the United States… They become bigger and bigger each year,” he continued.
The surplus of trade is “because the Chinese are not fair,” he said:
They don't put our products in their country. You can tell the company after a New York company that cannot sell goods in China or can only sell goods under impossible conditions.
Schumer said the Chinese would also steal American intellectual property and rig currency to make them advantageous for trade.
“We're tired of it,” Schumer said. “How can we stand up as millions of American workers are losing their jobs? Because thousands of American businesses can't compete fairly?” he added. “As our nation as a whole, is wealth removed from it?”
Sanders denounced free trade ideology in his 2008 Senate floor speech.
Conservative free traders want a “free free trade” policy, he said. “We don't need tariffs. All we need is to allow corporate America at our disposal. We throw American workers out on the streets… Somehow we are trying to create wealth in America and do good paying jobs in America.
H/T: Media Person