Will Trump’s tariff strategies to make America great again actually work, or is Trump just becoming another global protectionist? That’s been the great debate since ‘liberation day’ when the tariffs took effect.
Interestingly, it’s a debate that seems to be conducted within the ranks of those generally seen to be on the Right.
But the real debate may be the nature of the debate itself. For some, the debate over tariffs is strictly economic; for others, political. For Trump, it appears to be both.
For Trump, the use of tariffs is neither an end in itself, nor is it being done in a vacuum. Accompanied by a myriad of economic reforms and regulation reductions, perhaps the most significant positive impact on Americans will be Trump’s elimination of the income tax – an issue closely linked to tariffs and trade duties.
Unfortunately, it appears that there continue to be many long accepted myths circulating about the impact of tariffs, including an almost complete lack of knowledge about the actual history of tariffs.
Similarly, there continue to be many myths in circulation about Trump himself, particularly with regard to his economic agenda – for free trade.
Is it possible that tariffs, which by their nature impede trade, can actually be a means to establish free trade? Trump seems to think so. Whether he proves to be Just Right will be a determination for the future, after the verdicts currently pending are finally rendered.
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