By Glenn Kessler, June 7, 2018
The president wants to shrink the trade deficit. The Fact Checker explains why a deficit isn’t all bad. (Meg Kelly/The Washington Post)
“Just last Friday, we had a plant, a groundbreaking in Ashland, Kentucky, the heart of poverty in America in Appalachia. $1.5 billion aluminum rolling mill because of the president’s tax and tariff policy.”
– White House aide Peter Navarro, interview on Fox News, June 4, 2018
“This is a story that’s truly remarkable and Donald J. Trump has brought in tax cuts, deregulation and trade policies that are working for the American working people. And guess what, on Friday they opened a $1.5 billion groundbreaking aluminum rolling mill in Ashland, Kentucky.”
– Navarro, interview on Fox News, June 3
The Trump administration, led by the president, is quick to claim credit for good news even if its policies may have had little to do with it. So our antenna went up when we saw Navarro, the White House director of trade and industrial policy, repeatedly attribute the building of a rolling aluminum plant in Kentucky to the president’s tariff and tax policies.
It takes time to build and plan a factory. But the president only announced tariffs of 25 percent for foreign-made steel and 10 percent for aluminum on March 1, so how is this possible?
Read the full article at the The Washington Post