Wouldn't the practical result of import quotas be about the same as that of tariffs?
It could . It may even be worse . I was speaking strictly of the constitutionality .
One thing however . quotas don't have to be across the board. One nation's quota restrictions is another nation's opportunity . If we want to decouple from China dependency it is what has to be done. There is no way US manufacturing can make up the demand .
“In recent weeks, my administration has strengthened American economic security by forging agreements with allies and friends across the world to broaden our critical minerals supply chains,” Trump said.
Trump discusses rare earth metals with Central Asian leaders | AP News
That is the correct course to take instead of tariff threats . We are now not considered reliable partners with some of our most critical allies .
To vote democrat on the basis of 3% inflation is really foolish.
High prices ;the affordability issue ?
Nothing to see here . It is my predecessor's fault. That sounds just like the lines Clueless Joe would say.
This is what people remember
Trump promised lower prices on Day One.
Honestly I can't find one thing I purchase besides gas that has not gone up considerably in the last year. . I do a lot of the family shopping ? I know my weekly amount spent is well above 3% (and I carefully look for sales and am not loyal to brands ) . I purchased a car last year . The same model this year has gone up well over 3% . The average cost of a new car went to $50,000 this year.
Affordability is an issue . The average first time home buyer is now 40 . We have reached European levels where no youth owns their own home unless they have high paying jobs or inherit them. I fully understand why youth would reject that status quo. I fully understand why Mancommie appeals to people who are desperate for a change.
Not that his solutions work . In fact they are insane. Rents too high ? freeze them yeah that's the ticket instead of finding a way to increase the supply .
The only logic I see in Trump's on again off again tariffs is a vindictive ' get even' agenda instead of an economic growth agenda.
He sees zero sum games winners and losers . Trade benefits both nations .
How can he expect American companies to reshore when his polices raise the costs of the materials they need to do so? How can they reshore when day to day there is uncertainty ?
“It’s frustrating because we’re the most American auto company, and we export the most, and yet, we have this $2 billion headwind, which prevents me from investing even more in the U.S.”
Ford CEO says $2 billion in tariff costs prevents more US investments
Lucerne scrapped a $50 million reshoring project in Detroit because of the impact of Trump's aluminum tariffs.
How tariffs disrupted this auto supplier’s reshoring project - Automotive News
Instead of zero sum pie dividing he is more on tract with his negotiations for rare earth minerals . It becomes a collaboration game instead of a competition.