Trump’s Love for Tariffs Began in Japan’s ’80s Boom – By Jim Tankersley and Mark Landler – The New York Times

InconvenientNews.Net

By Jim Tankersley and Mark Landler
May 15, 2019, 9
“WASHINGTON — Donald J. Trump lost an auction in 1988 for a 58-key piano used in the classic film “Casablanca” to a Japanese trading company representing a collector. While he brushed off being outbid, it was a firsthand reminder of Japan’s growing wealth, and the following year, Mr. Trump went on television to call for a 15 percent to 20 percent tax on imports from Japan.

“I believe very strongly in tariffs,” Mr. Trump, at the time a Manhattan real estate developer with fledgling political instincts, told the journalist Diane Sawyer, before criticizing Japan, West Germany, Saudi Arabia and South Korea for their trade practices. “America is being ripped off,” he said. “We’re a debtor nation, and we have to tax, we have to tariff, we have to protect this country.”

Thirty years later, few issues have defined Mr. Trump’s…

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About David Lindsay Jr

David Lindsay is the author of "The Tay Son Rebellion, Historical Fiction of Eighteenth- Century Vietnam," that covers a bloody civil war from 1770 to 1802. Find more about it at TheTaySonRebellion.com, also known as, DavidLindsayJr.com. David Lindsay is currently writing about Climate Change and the Sixth Extinction., as well as singing and performing a "folk concert" on Climate Change and the Sixth Extinction. He can be reached at daljr37(at)gmail.com.
This entry was posted in Donald Trump, Foreign Trade Policy, Globalization and Trade. Bookmark the permalink.

1 Response to Trump’s Love for Tariffs Began in Japan’s ’80s Boom – By Jim Tankersley and Mark Landler – The New York Times

  1. Here is the link to the article: https://nyti.ms/2JpapEH

    Like

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