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.

http://www.nationalreview.com/corner/455704/solar-panel-washer-tariffs-trump-tariffs-hurt-consumers

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.

:}