Breitbart Business Digest: Wall Street’s Pain Is Wrecking the Case Against Tariffs

Trump’s Tariffs Are Not Your Great-Grandfather’s Protectionism

The usual chorus of critics has returned to form. As President Trump pushes ahead with a sweeping new round of tariffs, pundits, professors, and corporate lobbyists are once again declaring that America is veering into the ditch of economic ignorance. Their refrain is familiar: tariffs will stifle innovation, protect inefficient monopolies, and reward corporate rent-seekers.

But something is off. If Trump’s tariffs are such a favor to entrenched business interests, why are those very businesses sounding the alarm? Why are they slashing forecasts, pulling guidance, and getting punished in the stock market? And if the tariffs were truly shielding corporate America from competition, why are valuations collapsing instead of soaring?

According to a recent survey by

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