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European Union Submits to Trump’s Demands on Trade; ‘Conservative Experts’ Wrong Again

Still not tired of winning.

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Wednesday, President Donald J. Trump struck a deal with the European Union to rework the lopsided trade deals that have hurt the United States economy for decades.

“This was a very big day for free and fair trade,” Trump said in a Rose Garden press conference with European Commission President Jean-Clause Juncker.

He echoed the same sentiment on Twitter.

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“Great to be back on track with the European Union,” he said. “This was a big day for free and fair trade!”

Under the new agreement, all tariffs and trade barriers will be abolished, and subsidies on non-auto industrial goods will be eliminated.

The deal is nearly exactly what Trump demanded in a Tweet from Tuesday.

“The European Union is coming to Washington tomorrow to negotiate a deal on Trade,” he said. “I have an idea for them. Both the U.S. and the E.U. drop all Tariffs, Barriers and Subsidies! That would finally be called Free Market and Fair Trade! Hope they do it, we are ready – but they won’t!”

In addition, the EU will import more U.S. soybeans and liquified gas.

Still, Trump’s detractors are not impressed.

“On the bright side, there is a clear de-escalation of rhetoric and that’s good, but the devil will be in the details,” Scott Lincicome, scholar at the libertarian Cato Institute told Weekly Standard. “And this provides almost no details. Meanwhile, all the tariffs implemented so far remain in force.”

If the “experts” at D.C. think tanks and “true conservatives” like Bill Kristol of the Weekly Standard are so brilliant, why are we in this mess in the first place? Where have they been over the past four decades wile America got ripped off by the rest of the world?

Likewise, #NeverTrump pundit Ben Shapiro, a true dumb person’s “smart person,” predicted on March 1 that Trump’s tariffs would “likely launch a trade war”:

That never happened.

Not to worry though, Shapiro re-assured us that the zero-tariff agreement was “good Trump” on Wednesday, completely ignoring the fact that implementing the tariffs brought the EU to the negotiating table in the first place. (I’m sure Trump is relieved to have Shapiro’s approval).

Shapiro, supposed proponent of free markets, never once criticized the EU for the massive tariffs placed on American goods.

Once again, the Trump-controlled GOP wins, and his detractors are left looking foolish.

 

Big League Economics

SHAME: Democrats Are Blocking Stimulus Legislation That Includes Second $1,200 TrumpBux Check

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Democrats in Congress are blocking a bipartisan $1.5 trillion stimulus package that includes a second round of $1,200 TrumpBux payments to Americans.

Leading House Democrats are saying the bill isn’t big enough of a giveaway, but they favor stimulus measures that would divert funds away from the pockets of everyday Americans to institutions. They want to bail out Democrat state and local governments, and are willing to block TrumpBux payments to Americans if they aren’t allowed to.

The House passed a $3.4 trillion stimulus package in May that was shot down by Senate Republicans. The latest $1.4 stimulus legislation has been presented as a compromise, after House Democrats in turn rejected a thin $500 billion stimulus package proposed by Republicans last week. That package did not include a second round of $1,200 payments, and Republicans are now willing to sign off on another TrumpBux payment in order to pass another round of stimulus.

The $1.5 trillion stimulus legislation emerged from the Problem Solvers Caucus, a group of 25 Republicans and 25 Democrats who emphasize bipartisanship and common ground. Aside from TrumpBux 2, it features $500 billion for cities and states, unemployment insurance of $600 a week, increased SNAP benefits and rental assistance.

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Steny Hoyer and Nancy Pelosi are claiming the legislation doesn’t go far enough and that it “leaves too many needs unmet.”

Pelosi and House Democrats are insisting that Congress will remain in session until a second stimulus agreement is met, but in rejecting the Problem Solvers Caucus legislation they’re already shown they’re not open to a generous compromise.

Try asking everyday working Americans of all stripes and walks of life if they’re willing to wait or even go without a second $1,200 stimulus payment in order to provide a bigger bailout to states and cities that already engage in questionable budgetary practices to begin with. The Democrats are resolutely determined to avoid making people the priority in  a stimulus package, and will block stimulus legislation to do so.

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