Trump’s imposition of tariffs are driven primarily by political calculation rather than sound economic policy. These tariffs in reality is a hidden tax on the American consumer, raising the cost of imported goods under the guise of protecting domestic industries. Trump is perpetrating a hoax on the American public and wants them to believe that he is the president who revived the American economy and put “America First,” regardless of the long-term economic consequences on his own country as well as other countries around the world.
His grift is to redirecting the financial burden onto ordinary Americans in order to fund headline-grabbing trade wars and nationalist economic schemes. Meanwhile, the legality of a president unilaterally imposing tariffs without congressional approval is under increasing scrutiny. A judicial panel is expected to soon issue a ruling that could set a precedent on the limits of executive authority in matters of international trade and taxation.
His grift is to redirecting the financial burden onto ordinary Americans in order to fund headline-grabbing trade wars and nationalist economic schemes. Meanwhile, the legality of a president unilaterally imposing tariffs without congressional approval is under increasing scrutiny. A judicial panel is expected to soon issue a ruling that could set a precedent on the limits of executive authority in matters of international trade and taxation.