President Donald Trump’s newly announced tariffs have sent shockwaves through the financial markets, the business community, and the international community. They risk a near-term recession and major, sustained upheavals to jobs and supply chains. Totally contradicting Trump’s promises of a glorious renaissance, domestic car manufacturers such as Stellantis have already started cutting jobs.
Trump’s actions will make the vast majority of Americans and citizens of other nations poorer. These tariffs will also provide a critical, if indirect, boost to the Chinese Communist Party’s hegemonic aspirations. The reason tariffs of this scale haven’t been attempted for a century is not, as Trump suggests, because all his recent predecessors were idiots. Rather, it is because these tariffs are themselves idiotic.
Trump’s motives for returning jobs to America
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