‘This would be beyond a trade war. You're talking about blowing up the WTO’
The US Commerce Department finally released its report on investigations into steel and aluminum imports on Friday, recommending wide-ranging tariffs and quotas on products coming into the United States.
It will be up to President Trump what he wants to do with the recommendations, though he has publicly indicated he sides with Commerce Secretary Wilbur Ross on the issue of trade restrictions. Cabinet members including Gary Cohn, Steven Mnuchin, Rex Tillerson and James Mattis are reportedly opposed to using the Section 232 law, cited by the report, to impose tariffs on national security grounds....
Asia Times
World braces for first real shot of Trump’s trade war
Staff
3 comments:
It will be interesting (in a strictly perverse way) to see where the globalist neocons stand on this.
There is no question of the populist nature of such a move but when the consequences of it reach WalMart John Q. may not be too happy (as if anyone cares what he thinks ...).
Is it a setup to damage the global economy, which will be used to further discredit and undermine Trump? Or is it justification for expanding the Cold War to include China? The only growth industry left is military.
Matt says there's wrong with people making serious money out of the build up to WW3. It's just business. If only the tax payer knew how they were being ripped off.
The elite own the media and can spread propaganda. If people are ill informed how can you have a functioning democracy?
This is how the oligarchs rule.
Each of four theoretical traditions in the study of American politics—which can be characterized as theories of Majoritarian Electoral Democracy, Economic-Elite Domination, and two types of interest-group pluralism, Majoritarian Pluralism and Biased Pluralism—offers different predictions about which sets of actors have how much influence over public policy: average citizens; economic elites; and organized interest groups, mass-based or business-oriented.
A great deal of empirical research speaks to the policy influence of one or another set of actors, but until recently it has not been possible to test these contrasting theoretical predictions against each other within a single statistical model. We report on an effort to do so, using a unique data set that includes measures of the key variables for 1,779 policy issues.
Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while average citizens and mass-based interest groups have little or no independent influence. The results provide substantial support for theories of Economic-Elite Domination and for theories of Biased Pluralism, but not for theories of Majoritarian Electoral Democracy or Majoritarian Pluralism.
Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens
Martin Gilens and Benjamin I. Page
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