Trump’s Steel and Aluminum Tariffs
There are a couple of important economic lessons that the American people should learn. I’m going to title one “the seen and unseen” and the other “narrow well-defined large benefits versus widely dispersed small costs.” These lessons are applicable to a wide range of government behavior, but let’s look at just two examples.
Last week, President Donald Trump enacted high tariffs on imports of steel and aluminum. Why in the world would the U.S. steel and aluminum industries press the president to levy heavy tariffs? The answer is simple. Reducing the amounts of steel and aluminum that hit our shores enables American producers to charge higher prices. Thus, U.S. steel and aluminum producers will earn higher profits, hire more workers and pay them higher wages. They are the visible beneficiaries of Trump’s tariffs.
Obama Admin Actively Sabotaged Gun Background Check System.
By Cillian Zeal
Testimony by acting FBI Deputy Director David Bowdich before the Senate Judiciary Committee on Wednesday revealed that the Obama administration removed the names of over 500,000 individuals with active arrest warrants from the National Instant Criminal Background Check System, according to The Daily Wire.
The deletion of the names was first reported by The Atlanta Journal-Constitution, who had originally pinned the change on the Trump administration.
“A little-noticed mandate from the Trump administration has cleared the way for some people with outstanding arrest warrants to purchase guns, a change that worries law enforcement officials who say it could be allowing dangerous criminals to arm themselves,” The Journal-Constitution reported last October.