Don’t Tell the Media, But Trump’s Tariffs are CREATING Jobs
Earlier this year, in keeping with his campaign promise to protect U.S. industries from unfair trade practices that have crushed workers’ wages and led to an American decline in production, President Trump imposed a 25% tariff on steel imports and a 10% tariff on imports of aluminum. The move hit most of our trade partners, but the resonance was felt especially hard in China, the EU, Mexico, and Canada, many of whom responded with tariffs of their own. Since then, the mainstream media news concerning the tariffs and their impact has been almost uniformly negative; it’s difficult to even find someone in the Republican Party who will go on record to support the president’s plan.
But the news is not what it appears to be. While yes, there is always a chance that the temporary setbacks experienced by American companies who rely on cheap steel and aluminum will persist or grow worse with the advent of a full-blown trade war, President Trump indicated this week that this would not be the case. He is looking for new free trade deals, he told the Wall Street Journal – deals that do away with the unfair, lopsided benefits that both our allies and enemies have exploited for the last quarter century. He is confident that our trading partners, once they get past the shell shock of these strong moves, will see that it is in their best interests to negotiate.
It remains to be seen if Trump’s overhaul of international trade will play out the way he predicts, but it’s interesting to see how (intentionally?) poorly the media is covering the impact of these tariffs here and now. We’ve seen little to no mainstream coverage of the new Coalition for a Prosperous America analysis, which shows that Trump’s tariffs have actually created more than 11,000 new American jobs over the last six months.
“The national media is generally ignoring the job creation arising from the country’s new strategic trade posture,” said CPA economist Jeff Ferry in a statement. “This information is important. These jobs will have substantial positive effects on local economies and the national US economy. They are in general well-paid manufacturing jobs in high-productivity businesses. Those new jobs will contribute to the creation of thousands of service sector jobs and they will stimulate local economies.”
We don’t deny that there are serious concerns that have been put forth by thoughtful, unbiased conservatives when it comes to Trump’s trade strategy. We don’t deny the possibility that this enormous gamble could wind up costing the United States much more than is immediately evident. But if we’re going to have a serious discussion about the impact of Trump’s tariffs, then we need to be on the same page, talking about the same facts. If the media and their chosen economic analysts are going to ignore huge swaths of information just because it makes the administration look good, then we are no longer having a debate; we’re merely ingesting left-wing propaganda.