I expressed the opinion that Trump is motivated by a desire to win over voters, particularly among working-class people who traditionally vote Democrat. Although he is not running for re-election, his party still needs to win elections.
However, I had another thought. Trump also wants to push his vision of how he believes the world should work. This seems likely.
In some cases, such as cutting waste, fraud, and abuse, his vision for the country is beneficial. However, his stance on tariffs is not. Implementing such a massive change using powers the President should not have is authoritarian. While his intentions may be good, restricting free trade ultimately harms our freedoms.
The free market has already determined the most efficient way to manufacture and distribute goods. When governments interfere with incentives and regulations, they disrupt an already efficient system.
Trump claims that trade deficits mean we are financing other countries, effectively giving them a free ride. In reality, the opposite is true. Some countries send us more goods than we send them, and they use their excess dollars to finance our national debt.
Trump's tariffs amount to a $600 billion tax on the American people, yet he insists they will make us richer. In truth, the tariffs will disproportionately affect low-income individuals. Reportedly, every job saved through protectionism can cost consumers hundreds of thousands of dollars up to a million dollars.
Yesterday, I heard that Congress is considering reasserting control over tariffs to counter Trump's policies.
The ideal outcome would be for all countries to eliminate tariffs, allowing for truly free trade. However, I make an exception for nations that pose a potential threat or engage in human rights abuses. In such cases, tariffs can serve as a strategic bargaining tool.
In some cases, such as cutting waste, fraud, and abuse, his vision for the country is beneficial. However, his stance on tariffs is not. Implementing such a massive change using powers the President should not have is authoritarian. While his intentions may be good, restricting free trade ultimately harms our freedoms.
The free market has already determined the most efficient way to manufacture and distribute goods. When governments interfere with incentives and regulations, they disrupt an already efficient system.
Trump claims that trade deficits mean we are financing other countries, effectively giving them a free ride. In reality, the opposite is true. Some countries send us more goods than we send them, and they use their excess dollars to finance our national debt.
Trump's tariffs amount to a $600 billion tax on the American people, yet he insists they will make us richer. In truth, the tariffs will disproportionately affect low-income individuals. Reportedly, every job saved through protectionism can cost consumers hundreds of thousands of dollars up to a million dollars.
Yesterday, I heard that Congress is considering reasserting control over tariffs to counter Trump's policies.
The ideal outcome would be for all countries to eliminate tariffs, allowing for truly free trade. However, I make an exception for nations that pose a potential threat or engage in human rights abuses. In such cases, tariffs can serve as a strategic bargaining tool.
