The Chicken Littles Are Hammering Trump on Trade, but Charles Payne's Truth Bombs Blow Their Theories to SmithereensTownhall, Mar 5, 2018, Scott Morefield
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“I know tariffs are bad but...†Payne tweeted, “It seems to be working very well for the fastest growing economies in world.†The Fox Business host then listed several nations that employ tariffs and the 10 year average growth of each one. Here are a few more truth bombs from Mr. Payne:
“Let's be clear, the EU is against tariffs when America uses or considers them but they levy 10% on all US car imports we only have a 2.5% rate on their car imports. #justsayingâ€
“Currently there are certain nations that take advantage of our civility and commitment to rigid belief that "free trade" really exist when there are hundreds of active cases at the WTO at any given moment. China isn't going to risk $500 billion to protect cheap subsidized steel.â€
“The gauntlet has been thrown!†Payne tweeted, “During campaign when candidate Trump said he would push back against unfair trade including using tariffs I asked Trump voters if they would be willing to pay more for products to make a transition back to US production and everyone said ‘yes.’â€
“There will be no trade war,†writes Payne. “Sure, but who would China sell $505,597,100,000 stuff Americans bought from them last year? Cuba? China isn't going to do anything the new Emperor isn't going to risk toppling his fragile empire.â€
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https://townhall.com/columnists/scottmorefield/2018/03/05/the-chicken-littles-are-hammering-trump-on-trade-but-fox-business-host-charles-paynes-truth-bombs-blow-their-theories-to-smithereens-n2457591