People have always said the Donald Trump was smart as a fox. Or that his antics distract from what he really wants, and that he ALways gets what he wants. It has even been said that he is like a major league hitter who whiffs sometimes but hits out of the park enough to have a great average. I think he is just a dumb ass with a lot of money to cover up his mistakes. This is such a doozy that ain’t no mount of money gonna make up for it. Even the conservatives agree.
The Corner The one and only. ‘Taking Us to the Cleaners’
by Veronique de Rugy January 24, 2018 1:36 PM
The title of this post comes from the great Don Boudreaux, professor of economics and a free-trade warrior, over at Cafe Hayek.
It is the perfect soundbite to the Trump administration’s decision to impose a penalty on Americans who buy foreign-made solar panels and washers. The administration, of course, doesn’t call it that. Instead, it calls it a 30 percent tariff of solar panels and imported washers to protect our domestic manufactures.
Here is what the the solar protection looks like: ” The solar trade protection — which applies to solar panels as well as cells, the piece of equipment that converts sunlight into electricity — is a 30% tariff in the first year, declining to 15% by a fourth year. The first 2.5 gigawatts of cells imported annually is exempt from the tariff.”
This is a perfect example of the profound deficiencies in the process that leads to applying a tariff, which I wrote about last week. The Wall Street Journal reports: “The solar tariff is a response to a petition filed at the International Trade Commission by two U.S.-based manufacturers — Chinese-owned Suniva, which filed for bankruptcy last year, and German-owned SolarWorld Americas, whose parent company filed for bankruptcy last year.”
Go there and read. More next week.