— I realize that they have a 19th-century McKinley policy, but they must have a 21st-century knowing of the economy," said Ro in the CBS programme "Face the Nation", referring to the protectionist commercial approach of the Trump administration and its admiration for president William McKinley.
Trump's tariff policy critics argue that lessons from 19th-century America McKinley not applicable today.
A California politician said the White home plan to revive home production is already falling apart, pointing to Trump's administration's decision on the exclusion of smartphones and computers from its tariff regime after Financial markets are in chaos Last week after he announced extended global duties.
— They were chaotic and completely random," Khanna said. – Howard Lutnick said we were going to reconstruct production, production of electronics, to the United States, and They abruptly realized that would not happen..
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— In fact, the price of the iPhone would have risen to 1700 or 2000 dollars. — By the way, if production had been relocated, probably to Malaysia or Vietnam.
Khanna, whose territory includes Silicon Valley, argued that if the United States truly wants to compete with China and rebuild advanced production, they request investment alternatively than duties.
— If you want to reconstruct production to the United States, you gotta invest in the workforce, you must have taxation relief for investing in betting and you must be able to buy the things we produce in the United States," he said.
Khanna’s remarks precede a speech to be made by a politician on Monday in Ohio — a household state Vice president J. D. Vance. He plans to present Vance and Trump there as "a stubborn 19th-century dogma in the 21st-century world" with their approach to abroad and interior policy. This speech is besides part of Khanna's wider run to position as a counterweight for Vance.
— This is not something the president will be able to pull," Khanna said. “There will either be fresh factories or no factories, and customs will simply not accomplish it.
