There’s One Person Trump Absolutely Needs in His Administration
The New York Times ^ | Nov. 20, 2024, 5:03 a.m. ET | Matthew Schmitz
Posted on 11/20/2024 2:20:24 PM PST by E. Pluribus Unum
As Donald Trump assembles his economic team, a tension seems to have emerged between his desire to reassure Wall Street and his promise to push back against globalization by enacting sweeping tariff policies.
Despite calling himself “a tariff man,” Mr. Trump has influential backers who would apparently like to see him forget his trade priorities. Elon Musk recently cheered tariff-cutting moves by President Javier Milei of Argentina. Some leading candidates for top economic posts in the new administration, such as the hedge fund manager Scott Bessent, as well as Mr. Trump’s pick for secretary of commerce, the Wall Street executive Howard Lutnick, have been criticized as too committed to World Trade Organization protocols or insufficiently supportive of Mr. Trump’s tariff plans. Mr. Trump himself is reportedly concerned that his nominee for Treasury secretary not disrupt the stock market’s strong performance since his election victory.
But to deliver on his longstanding economic vision of prioritizing American workers and industry, Mr. Trump will need people in his administration who share his understanding of trade and can advance it effectively. This means people who regard tariffs not just as a negotiating tactic or foreign-policy tool but also as a broad means of raising revenue and promoting industry. It also means people with a track record of working within institutions while building consensus across partisan and ideological divides.
For these reasons, Mr. Trump should assign an important role on his economic team to Robert Lighthizer, the veteran trade negotiator who has championed Mr. Trump’s plans to revive American industry and transform the global economy. (Mr. Trump has reportedly told allies he wants Mr. Lighthizer to serve as a “trade czar.”)
Mr. Lighthizer served as the U.S. trade representative in the first Trump administration, which defied...
(Excerpt) Read more at nytimes.com ...
TOPICS: Humor
KEYWORDS:
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
To: E. Pluribus Unum
Totally agree.
I’m hoping there’s a spot for Peter Navarro also, if he wants one.
2 posted on 11/20/2024 2:22:01 PM PST by bigbob (Yes. We ARE going back!)
To: E. Pluribus Unum
Dang... LIghthizer was looking like a pretty good choice until even a rogue NY Times guy endorsed him.. J/K... I think?
3 posted on 11/20/2024 2:22:21 PM PST by dangus
To: dangus
That was my first thought, too, but every indication is he did a good job in Trump’s first term.
4 posted on 11/20/2024 2:23:05 PM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
To: bigbob
I’m hoping there’s a spot for Peter Navarro also, if he wants one.
Rudy Giulianni too, who might have made an even more interesting choice of AG than Gates.
5 posted on 11/20/2024 2:23:05 PM PST by Carry_Okie (The tree of liberty needs a rope.)
To: E. Pluribus Unum
I favor a blocked currency like India has. The Chinese stuff would get paid for by US dollars that would be lent to the federal government at 0% interest until the Chinese use those dollars to pay American workers or buy American goods.
Only American citizens and banks would be able to earn interest on money and only up to modest amounts. The American citizen cap might be $1000 + 1/10 their income tax amount. The bank cap might be the half the amount of interest paid to their American citizen depositors.
The blocked currency would basically force corporations to supply the US market from the USA.
Instead of dollar remittances, Mexicans here in the USA would have to send US goods to Mexico so their relatives in Mexico can resell them for dinero. A modest tariff would make reexports of Chinese-source goods uneconomic for Mexican buyers.
To: E. Pluribus Unum
Is this The NY Times trying to keep Lighthiser from getting the job?
7 posted on 11/20/2024 2:25:36 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
To: E. Pluribus Unum
8 posted on 11/20/2024 2:25:39 PM PST by BipolarBob (Enough of this talk about narcissists, let's get back to talking about me.)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson