Tariffs are anti-growth policies that reduce income growth, increase the cost of living, and decrease job growth. Instead of implementing these anti-growth policies, the best way for the Trump Administration to promote broad based prosperity is to implement a consistent pro-growth economic platform.
President Trump fired the first shot of a trade war by imposing 25% tariffs on Canada and 10% tariffs on China, which will take effect on February 4 as of this writing. It also announced 25% tariffs on Mexico, but implementation has been delayed a month while the Administration negotiates with the government over fentanyl enforcement.
The Trump Administration believes imposing tariffs will accelerate domestic manufacturing and strengthen the U.S. economy. Nothing could be further from the truth.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
President Trump’s Tariffs Will Harm Your Pocketbook
Wayne H Winegarden
Tariffs are anti-growth policies that reduce income growth, increase the cost of living, and decrease job growth. Instead of implementing these anti-growth policies, the best way for the Trump Administration to promote broad based prosperity is to implement a consistent pro-growth economic platform.
President Trump fired the first shot of a trade war by imposing 25% tariffs on Canada and 10% tariffs on China, which will take effect on February 4 as of this writing. It also announced 25% tariffs on Mexico, but implementation has been delayed a month while the Administration negotiates with the government over fentanyl enforcement.
The Trump Administration believes imposing tariffs will accelerate domestic manufacturing and strengthen the U.S. economy. Nothing could be further from the truth.
Read the op-ed here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.