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Fair Dinkum Mate's avatar

Why is Australian made steel being subjected to a 25% tariff when Australia has a trade deficit with the US? Steel makes up less than 1% of our total net exports to the US.

This blanket approach to applying tariffs is nonsensical, and only increases production costs to US businesses.

Steve Rogers's avatar

John: I'm writing this as a fellow fiscal conservative who is alarmed at (1) the blowout of the federal deficit and national debt, the interest rate of which is now the second largest federal expenditure behind social security, and (2) the lack of will of either the U.S. public or the political class to acknowledge the reality that entitlement spending is just a few years from bankruptcy. Republicans are too busy cutting taxes and deluding themselves into thinking they pay for themselves (they do not), and Democrats are too busy on a general spending spree and deluding themselves into thinking if we only taxed the rich properly (we already do), it would pay for their precious programs that infect every aspect of public life (it won't). Looking at the political realities, but also that this Thelma and Louise fiscal car about to careen off a cliff, what is our path out of this mess?

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