Mistake: Trump slaps first tariffs on Canadian lumber
Tariffs are about as crony as it gets. They help a very narrow group of folks or an industry (who are connected government decision makers) while penalizing consumers. So congrats, now houses are even more expensive to build. Thanks.
(From CNN)
These are the first tariffs imposed by President Trump, who during his election campaign threatened to use them on imports from both China and Mexico.
The decision on Monday evening is bound to lead to a standoff and could stoke fears of a trade war between the U.S. and Canada, two of the world’s largest trade powers.
Commerce Secretary Wilbur Ross said the tariffs, or taxes, announced Monday evening were being imposed after trade talks on dairy products fell through.
“It has been a bad week for U.S.-Canada trade relations,” Ross said in a statement.
http://www.againstcronycapitalism.org/
Source: http://www.againstcronycapitalism.org/2017/04/mistake-trump-slaps-first-tariffs-on-canadian-lumber/
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