Biden, Harris, Trump, Vance and the Dumbest Economic Idea - WSJ

We’ll admit that the competition for the dumbest economic policy is fierce these days—with prices controls on food, a 10% across-the-board tariff, and national rent control on the table. But opposition to the Nippon deal deserves careful consideration for this distinct dishonor given the deal’s manifest benefits and nonexistent harm.

Ms. Harris is apparently undaunted by economic illiteracy, telling a Monday rally in Pittsburgh that “U.S. Steel should remain American-owned and American-operated.”

A politician with the U.S. national interest in mind would celebrate the Nippon Steel deal, which would boost U.S. manufacturing. The Japanese firm has promised to spend $2.7 billion refurbishing the Pittsburgh steel maker’s aging plants. It has also agreed to honor U.S. Steel’s collective-bargaining agreements with the United Steelworkers.

The union has nonetheless lobbied the Administration to block the deal because it prefers a takeover by Cleveland-Cliffs, a union shop like U.S. Steel. The union wants to create a domestic cartel shielded from competition by the Trump-Biden 25% steel tariffs.

via www.wsj.com

Yeah, those big tariffs are a reason not to like Trump or Vance. Of course, Biden Harris like them too because tariffs protect unions. In fact, they're a win for everyone except the investors. Oh, and the consumers of course.