
from Ben Garrison
There has been great gnashing of teeth and wringing of hands over Trump’s tariffs, but nobody can refute the logic behind them. In fact, what Trump is doing should have been done many decades ago. Apparently, former presidents didn’t have the temerity to rock economic boats.
They allowed American manufacturing to relocate to countries such as communist China, where labor worked for a fraction of the wage Americans received. In China and other countries they are also allowed to manufacture things without environmental concerns or other red tape. Who benefits? The ultra rich, of course. The poor and middle class suffered and it has gotten to the point now where average Americans can no longer afford cheap goods flooding in from overseas.
Let the naysayers fret and fume. Trump should stick to his plan. Many nations are coming to the bargaining table, and Trump will hammer out trade deals that are fairer to the US.
China may not want to genuflect to Trump because they are concerned about ‘saving face,’ but a collapsing economy would be a threat to the communists’ power. Eventually they will bend the knee and cut a deal.
Tariffs are contrary to the spirit of free trade — and so are trade bans a.k.a. sanctions. But the big burden the Biden regime bequeathed its replacement is the massive $37 trillion federal debt — modest tariffs on imports seem the obvious indirect way to try to pay that down as well as achieve reciprocity; ‘if you levy tariffs on our products, we’ll levy them on yours’ although there are disputes over how they have been calculated. —Eds