by Tom Aswell, Publisher of Louisiana Voice
As Vice President Pence QUIETLY CATNAPPED through the State of the Union Address on Feb. 5, Donald Trump declared, “We will never be a socialist country.”
Fast forward to May 13 (that’s the day before yesterday and barely three months after that SOTU declaration.
Trump ramps up his trade war with China, imposing new tariffs on Chinese imports that he claims will bring money into the U.S. treasury when, in fact, the proposed tariffs only mean that U.S. consumers will be paying more for goods from China.
Louisiana supported Donald Trump like no other state in the country. This is Trump Country. So is Iowa, Kansas, parts of Michigan, Pennsylvania and others. However, according to many experts, including Tulane's economist Peter Ricchuitti, Louisiana is being hit the hardest now than most states and has a significant amount to lose, should the tariffs keep coming.
Ricchutti discussed this issue during the fourth segment of our Live Stream interview recently.
How is Louisiana's economy doing now that the oil prices have improved, especially since Louisiana is so dependent upon that industry? There have been reports about a poor Louisiana economy, so is it fair to blame the current governor, John Bel Edwards? Is the United States losing the manufacturing battle against the world as President Donald Trump has been claiming?
Might President Donald Trump, whose anti-regulations policies have helped boost the economy, reverse some of the country’s gains with his trade policy, specifically tariffs and potential trade war?
That appears to be the question that many economists and business persons are wondering right now as the tariffs have begun but has not filtered down to some of the component manufacturer’s yet. Yet! Which is the point that Jay Lapeyre appears to be making in my interview that I did with him yesterday.