Canada, Mexico No Longer Pose National Security Threats to the US

We have finally admitted that Canada and Mexico do not represent national security threats:

The United States agreed Friday to lift its tariffs on industrial metals from Mexico and Canada, clearing a major obstacle to congressional passage of President Trump’s new North American trade deal.

….Senate Republicans, including Sen. Charles E. Grassley of Iowa, the powerful Finance Committee chairman, had said they would not approve the deal while the tariffs were in place. Iowa farmers were among the casualties of Mexican retaliatory tariffs, which cut deeply into U.S. agricultural exports. The Mexican tariffs, and similar Canadian levies, also are being eliminated.

As you can see, this decision had nothing to do with national security, which means it never had anything to do with national security in the first place. I’m sure you are all shocked to hear that.

In any case, this is why it was always ridiculous to think that tariffs would cause American steelmakers to invest heavily in new capacity. It takes years to build a new steel mill, but only minutes to wipe out a tariff. In this case, 20 percent of American steel imports were released from tariffs with the stroke of a pen. (And nearly half of aluminum imports.) Overnight, a new mill that made sense might suddenly not pencil out.

Besides, a temporary increase in capacity utilization from 74 percent to 77 percent was never going to send the green eyeshades set into a money-spending mood in the first place. Only an idiot would base long-term capex spending on politically motivated tariff decisions that could change from one day to the next depending on what Fox & Friends happens to say one morning.

Also worth noting: no tweet! Apparently President Trump isn’t very excited when he removes tariffs, even though that’s what his trade war is allegedly about.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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