US EditionWhy Trump’s supporters trust him on tariffs
- Members of the Trump administration argue that retaliatory tariffs are necessary for revitalizing American industries and promoting fair trade.
- Thomas DiLorenzo stated that the demand for fairness in trade results in higher prices for American consumers and producers.
- A CNBC Supply Chain survey revealed that 75% of companies cited high costs as a reason for not moving manufacturing back to the U.S.
- Secretary of Commerce Scott Bessent asserted that retaliatory tariffs could promote a fair international trade regime.
17 Articles
17 Articles
The False Promise of Tariffs | by Dambisa Moyo - Project Syndicate
Supporters of US President Donald Trump’s protectionist policies claim that tariffs will boost government revenue, fuel job creation, and revive American manufacturing after decades of globalization. In fact, Trump’s tariffs are more likely to raise consumer prices, weaken innovation, and undermine US competitiveness.
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…
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