US EditionTrump’s tariffs threaten prosperity. Just ask Ronald Reagan.
- American manufacturing jobs have declined from 17 million in 1993 to 12.7 million today, affecting wages and the middle class.
- The Trump Administration claims that globalist elites have harmed working Americans by off-shoring jobs and enriching themselves.
- Commerce Secretary Howard Lutnick detailed a tariff plan on electronics, while Trump later stated there are no exceptions to tariffs.
- Small business owner Chelsey Brown expressed determination to cope with high tariffs despite economic challenges.
10 Articles
10 Articles
Could John Maynard Keynes fix Trump’s tariff crisis?
Trump’s tariff bombardment has torn up the rules by which Western elites have lived for the last 35 years: the rules of a globalising economy under the benign guardianship of a Pax Americana. He is openly challenging opinion makers to change their habits of thought or be swept away by the angry crowd. The opinion makers reacted predictably; the markets crashed. Rather than condemn Trump’s approach out of hand, let us pause and ask: What is the p…
Trump’s tariffs threaten prosperity. Just ask Ronald Reagan.
While imposing tariffs on nearly every nation earlier this month, President Donald Trump called tariffs the dictionary’s “most beautiful word.” He said they will make Americans “rich” and “restructure the economy for the better.” He later announced a 90-day freeze on most tariffs to allow for negotiations. Tariffs are a destructive tax on consumers that increase prices while inhibiting competition. Their only positive use might be leverage to ne…
Donald Trump’s Tariffs Might Not Create A ‘Reshoring’ Boom
U.S. President Donald J. Trump’s theory of the case, when it comes to imposing significant new tariffs, is that it will reduce trade deficits, and stop China from “ripping us off” and “taking advantage of us.” But another frequent defense of the tariffs is that they will force “reshoring,” and will encourage American companies to […] The post Donald Trump’s Tariffs Might Not Create A ‘Reshoring’ Boom appeared first on 19FortyFive.
Tariff, the most horrific word in the dictionary, by Manuel Pimentel
It is clear that we disagree. For Trump, tariff is the most beautiful word in the dictionary, while, to us, it seems simply horrifying. Tariff means the recognition of a failure, the realization of the lost vigor to compete, the evidence of the decline to come. The United States was the one who, after the fall of the Berlin Wall and the defeat of the Soviet bloc in the Cold War, led the one we knew as globalization, that is, the suppression of c…
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