Tariffs

Trump Is Still Losing His Own Trade War

The president’s tariffs have hiked prices and harmed consumers.

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Apparently, the United States now has a Lobster King. This great title was bestowed upon the Trump administration's trade adviser, Peter Navarro, when the president recently threatened to impose tariffs on European Union cars if the bloc does not drop its tariff on American lobsters. Needless to say, the president is upset.

Trade wars are indeed upsetting because they make the price of things consumers want to consume, like cars and lobsters, more expensive. But let's not forget that President Donald Trump is the one who unilaterally started this trade war back in 2018. He didn't seem to think imposing high tariffs on others was such a problem when he made Americans pay more for hundreds of billions of dollars of goods imported from China, the E.U., and elsewhere.

In fact, he was so proud of it that he nicknamed himself the Tariff Man. And indeed, he used tariffs for everything from forcing countries (most notably Mexico and Canada) to renegotiate their trade agreement with the United States to bossing other governments into doing all sorts of nontrade-related things. An example of his tariff threat was to pressure the Mexican government to more actively control illegal immigration to the United States through our southern border.

Regardless of whether any of the president's complaints about trade are legitimate, one of the reasons trade economists warned him against raising tariffs unilaterally was precisely that other governments would retaliate with their own tariffs on American exports. Sure enough, that's what happened. But while many industries were caught in the crosshairs of this trade war, the lobster industry took an especially serious hit.

Despite Trump's apparent belief that politicians in other countries are either irrational or scaredy-cats, many of them have proven to be astute in the art of retaliation by targeting those U.S. exports they knew would inflict the most harm on Americans. China, for instance, which used to be the top foreign purchaser of Maine lobsters, imposed a 25 percent tariff on the American delicacy in response to the second wave of American tariffs against Chinese goods. Adding to Americans' pain, Beijing then reduced its tariffs on non-American lobster suppliers. This includes Canadian lobstermen, which, until the trade war started, were the American lobster industry's fiercest competitor.

As a recent dataset sent to me from Bryan Riley of the National Taxpayers Union shows, this trade fight caused a 65 percent drop in American lobster sales to China from its 2018 peak. And according to the Financial Times, the E.U. took a page from the Chinese playbook and imposed an 8 percent duty on American live lobsters while letting Canadian lobsters in duty-free. Now the president is apoplectic at the situation and has crowned Navarro, who pushed him into this trade war in the first place, the Lobster King.

According to remarks by the president at an event before fishermen in Maine, the Lobster King will identify which additional Chinese products to hit with tariffs as a means of pressuring Beijing to drop its duties on American lobsters while continuing to threaten the E.U. with automobile tariffs if they don't lower theirs.

While I feel quite sorry for the American lobstermen, as well as for lobster-lovers around the world, I also feel like reminding the president of this advice from Confucius: Don't do to others what you don't want done unto you. Seriously, haven't the Tariff Man and Lobster King learned that if they raise tariffs, foreign governments will retaliate? After two solid years of waging this futile trade war, haven't they recognized that this policy is ineffective at getting them what they want?

It seems that Trump and Navarro are also incredibly resistant to overwhelming evidence that tariffs imposed on foreign goods are not paid for by foreigners. Instead, these tariffs are, for the most part, paid by American consumers. This state of affairs is sad. If Tariff Man, unable to absorb this information, goes through with his threat of imposing tariffs on European cars sold in the United States, American automobile consumers will be the ones penalized.

Trump and his trade advisers—Lobster King Navarro, U.S. Trade Representative Robert Lighthizer, and Commerce Secretary Wilbur Ross—are the like the four stooges of trade policy. Their slapstick acts might entertain and amuse some, but they inflict serious collateral damage on us all.

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  1. Trump is a full surrender of the American Experiment in growing liberty and prosperity to statist squabbling for slices of a zero sum pie.

    “The primary reason for a tariff is that it enables the exploitation of the domestic consumer by a process indistinguishable from sheer robbery.” ~ AJ Nock

    1. “The primary reason for a tariff is that it enables the exploitation of the domestic consumer by a process indistinguishable from sheer robbery.” ~ AJ Nock

      The situation in which we impose minimum wages, regulations, and high taxes on domestic workers and corporations while importing without tariffs from countries like China is in no way libertarian; but even more alarmingly, it is self destructive. If that’s what you advocate, you’re no libertarian, you’re a simple fool.

      We can drop tariffs after removing most regulations and taxes on US labor and production. Just like we can open borders after eliminating the welfare system in the US. That’s the libertarian positions.

      Trump is a full surrender of the American Experiment in growing liberty and prosperity to statist squabbling for slices of a zero sum pie.

      It is mostly a zero-sum pie: a century of progressive rule and 50% of the economy taken over by the state has made it so. I wish it weren’t, but to pretend that unilaterally opening our borders to foreign goods and labor without conditions is a libertarian position is laughable.

      1. “We can drop tariffs after removing most regulations and taxes on US labor and production. Just like we can open borders after eliminating the welfare system in the US.

        …a century of progressive rule and 50% of the economy taken over…but to pretend that unilaterally opening our borders to foreign goods and labor without conditions…”

        The tariffs and other barriers were not preexisting problems like these others. They are new problems added by Trump. Problems are not reduced by adding more problems. Taxes are not reduced by adding new taxes. Trump has leapt past Obama into third for most new or increased taxes with his imposed tariffs, and Trump’s proposed tariffs would push him into first past Johnson. Hey, Trump would be 1st. I guess winning at stealing from your citizens with taxes and tariffs is still winning.

        I’m tired of this winning.

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        2. Of course you are.
          You love the marxists

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        3. The tariffs and other barriers were not preexisting problems like these others. They are new problems added by Trump. Problems are not reduced by adding more problems.

          Tariffs and taxes are both just policy choices. The combination of high domestic taxes, high domestic redistribution, high tariffs, or low domestic taxes, low domestic redistribution, and low tariffs. are both feasible economic choices, with the latter being far preferable.

          The combination of high domestic taxes, high domestic redistribution, and low tariffs that you favor is not a feasible economic choice.

          Taxes are not reduced by adding new taxes.

          Correct. So what? Taxes are also not reduced by a flat tax, yet a flat tax is preferable to the tax we have from a libertarian point of view. On the other hand, giving special tax breaks to, say, corporations who make large donations to Democrats, would reduce taxes, but it wouldn’t be a libertarian police.

          1. “The combination of high domestic taxes, high domestic redistribution, and low tariffs that you favor is not a feasible economic choice.”

            Your reading comprehension is nonexistent or, like Trump, your lies are constant.

            How did you get that from my complaints about all new taxes and tax hikes current and historic and opposition to all tariffs low or high?

            I did not touch on redistribution, which has increased massively under Trump; but I oppose it in any form, vehemently.

            Trump and Trumpies seem to be to the left of everyone but the communists. It’s the damn 1930’s all over again!

            1. How did you get that from my complaints about all new taxes and tax hikes current and historic and opposition to all tariffs low or high?

              You argue that tariffs should be reduced even if taxes are not reduced commensurately. That means exactly what I said it does: you advocate “high domestic taxes, high domestic redistribution, and low tariffs”.

              Trump and Trumpies seem to be to the left of everyone but the communists. It’s the damn 1930’s all over again!

              Not being a Trump supporter, I wouldn’t know. But you are certainly the kind of person who’ll take us back towards fascism.

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      2. You don’t know squat. Unilateral zero tariffs have been shown over and over to be what wins. The trade deficit is accounting quackery of no significance; dollars out must equal dollars in with fiat currency. If you can come up with any scheme whereby dollars out do not equal dollars in, you are a candidate for the Nobel in Economics.

        Other Trumpistas have assured us that tariffs are not taxes; that they are paid by the exporters, not the importers and especially not Americans; that they increase the propserity of all Americans (errant nonsense, since their higher prices reduce how much Americans can buy, thereby throwing more Americans out of work in general than are hired for the narrowly targeted industries). On and on goes the list of economic nonsense peddled because you idiots think Trump is a miracle worker for having beat Hillary.

        1. CRY MORE OLD MEX AHAHAHAHAHA

          YOU TOLD US YOU EAT SHIT AHAHAHAHAAHAJ

        2. “Other Trumpistas have assured us that tariffs are not taxes;”

          AND THE CONSTITUTION AGREES AHAHAH YOU ALREADY LOST THIS OLD MEX AHAHAHAHAHAHAAHHAHAJ

        3. You don’t know squat. Unilateral zero tariffs have been shown over and over to be what wins [for Democratic donors and neocons]

          FTFY

      3. When a country imposes a tariff it is first and foremost a restriction on the freedom of its own citizens, wouldn’t you agree? So how on earth can you support them and call yourself a Libertarian?

      4. What bullshit. We have to keep imposing tariffs because we have a minimum wage? Did your mom drop you on your head when you were a baby?

        Imagine applying your logic to health. You’re overweight and you’re doctor tells you to diet and exercise. So you responde “I can’t diet because I don’t excerise! I can’t exercise because I don’t diet!” And then get all righteous indignant on the doctor.

        You can diet, or excercise, or do both, or do nothing. You have chosen to do nothing, even though even just one of them is better than nohting. Same with the tariffs. Dropping the tariffs stops the harm to the US consumer. It stops the stupid trade war. Who gives a fuck if there’s a minimum wage?!?! Get rid of it too! But don’t be defending tariffs! Get rid of both! Or one or the other! But don’t just flip around and then praise one! GET RID OF THEM BOTH YOU FUCK!

        1. So you are defending a system in which (1) a part of the population is forced at gunpoint not to work, (2) another part of the population is forced at gunpoint to give up half their earnings to the first group, and (3) the rest of the population is free from either of the first two constraints. And you call yourself a libertarian?

          GET RID OF THEM BOTH YOU FUCK!

          Yes, get rid of BOTH tariffs and taxes/regulations.

          That’s unlike the system you propose, you evil fuck (to use your words).

      5. ” If that’s what you advocate, you’re no libertarian…”
        Can you give me the name of the guy who claims to be libertarian and wants to impose minimum wages, regulations, and high taxes on domestic workers? No leader in the movement could be that stupid and still be paid attention to outside the GOP

  2. The president’s tariffs have hiked prices and harmed consumers.

    The tariffs on Chinese goods are not intended to lower prices, they are intended to shift supply chains from China to other countries.

    1. “The tariffs on Chinese goods are not intended to lower prices, they are intended to shift supply chains from China to other countries.”

      Well then, Trump’s sheer robbery from Americans is all good, since it is only one component of his massive central economic planning and coercion.

      1. Given the massive forces arrayed against Trump, including many RINO congressional republicans, I’m not sure what you expect him to do. His tariff policy does make sense, whether you agree with it or not. And without a changes in the make up of congress it’s very unlikely he can push through budget cuts.

        1. Rump’s policy makes sense unless you are aware that Americans are taxed too much already. None of you liberals will ever admit that

          1. I’m a hardcore conservatarian. Progtards should be removed from the US. You’re really off track if you confuse me for one.

    2. They are the product of ignorance and xenophobia. Trump used to say they were designed to fight for zero tariffs, and you clowns echoed him. Now it’s a different rationalization. None of it holds up to any rational analysis, as proven by how many different irrational justificantions Trump dreams up.

      1. AHAHAHAAH YOU KEEP LOSING AND KEEP CRYING SQLSRY AHAHAHAHAAHAJ

    3. So why issue tariff EOs on the EU, Mexico and Canada? Why pull out of the TPP? Why rework NAFTA to make it more protectionist?

      1. Given that the US has some of the highest labor costs in the world due to taxes and government regulations, the US needs tariffs with most of the world.

        TPP and NAFTA were complex agreements that had steep political and social costs in the US. I’m not sure why you would want to defend them.

        1. While I agree that TPP and NAFTA have steep political costs I think they are valuable. We no longer live in a world where we can expect to import cheap natural resources and make value added products within our country. These multinational agreement are the best opportunity to get maximum benefit for everyone. Social cost are really not tied to the trade agreements and are more driven by a countries internal politics, laws and regulations. Problem is the left and right are against the agreement and the middle is not pushing back hard enough.

        2. TPP eliminated 18,000 tariffs on US exports.

          The “social costs” of TPP were that unions and environmental groups opposed it. You are no libertarian. You sound like a prog/conservative Big Gov type.

          1. The “social costs” of TPP were that unions and environmental groups opposed it.

            I made no argument either in favor or against the TPP or NAFTA. I really simply don’t understand them well enough. I do know that despite the names, they clearly were not “free trade agreements”.

            You are no libertarian.

            If you think that TPP or NAFTA are libertarian trade agreements, then you are no libertarian. But then we knew that already.

        3. Are you serious? Doesn’t America need to make its workers MORE competitive, not less?

    4. Intentions don’t matter, consequences matter. Don’t be a fucking proggie wringing his hands that he had good intentions! The consequences for tariffs are higher prices!

      1. Actually, the consequences of country specific tariffs are not higher prices (once supply chains shift from China to elsewhere).

        In general, however, there should be tariffs on imports corresponding to the difference between US labor costs and foreign labor costs. Those tariffs will raise prices, and they should. The cause of those increased prices isn’t the tariff, it’s the domestic taxes and regulations that increase our labor costs.

      2. That’s not true. The consequences of tariffs are not always higher prices. The consequences are whatever reactions the competition makes. If we are raising the taxes on Chinese steel because they devalue their currency, have lax oversight, and no minimum wages, for example, that only increases the u.s. Import cost of Chinese steel. A competitor, whether domestic or foreign, can always take advantage of that and produce it cheaper. And when you’re a consumer market like America taxing imports from places like China that can manipulate their cost only makes our market more level and approachable to competition that can’t use the will of authoritarianism to suppress its export or production costs.

  3. Making America great by keeping all those filthy foreigners from getting their grubby paws on our great patriotic American lobsters, you mean. We should hope all countries should put prohibitively high tariffs on all American goods, that way we’ll be able to keep all the things to ourselves. Why would we want to sell our stuff to those nasty people anyway? We shouldn’t have any foreign trade at all. #Winning

    1. “I also feel like reminding the president of this advice from Confucius: Don’t do to others what you don’t want done unto you.”

      Confucius say, Confucius is Red Chinese Communist lobster-hater; hater of American lobster-mobsters! We good Americans don’t need to listen to so-called “wisdom” from Chinese communists!!!

      THIS is the Stable GENIUS of The Don, Who Trumps All: He has revealed to us, that you CAN pussy-grab some of the people, all of the time, and even pussy-grab ALL of the people, ALL of the time! And they, not being smart Americans like US, will NEVER figure out that they can pussy-grab us right back!

    2. We should hope all countries should put prohibitively high tariffs on all American goods,

      We should hope that all countries put tariffs on goods commensurate to the government-imposed labor costs/subsidies in both the exporting and the importing country.

      We should also hope that governments stop meddling in their domestic economies; but as long as they do, tariffs are a necessary evil.

    3. The problem with this logic is that the world isn’t an economically level playing field. Many countries dont have the burden or cost that American firms do regarding worker safety, environmental impacts, wages, and all the various red tape.

      As noyb2 has said a few times here…these taxes can be lifted after all those regulations, over market value minimum wage laws, and environmental restrictions are lifted on u.s. Firms. Until then this is the cost of artificially increasing domestic production costs with our “first world” regulations.

  4. This article is basically a straw man. It was never intended to lower prices. It was to move manufacturing away from China to other, less hostile countries

    And to a certain extent, that has worked

    1. No, that is a lie. It is only the most recent false justification trumped up. It is no more truthful than the previous ones, or the next ones, whatever they will be.

      1. Fuck off SQLSRY

    2. Central economic planning by the government always, to some extent, works.

      The soviets could produce cars. Nobody wanted them if they had another choice. The US had the Mustang, F-150, and Camero, all available in an affordable price range.

      The Soviets had the same goal. They could have domestic manufacturing and consumption but it failed because as PJ O’Rourke quipped “nobody wanted Bulgarian shoes”.

      The lobsterman has a big problem. Even if tariffs are lifted his export business is probably gone. Canadian lobsters taste just as good and the customers have a new supply chain going.

  5. Not a single one of you trade warriors has ever answered the most basic fundamental simple question: where do you get the moral authority to interfere with my trade, my business? What gives you the right to decide who it is moral for me to work with, who to buy from, who to sell to?

    There is none. You clowns are just a bunch of busybody nannies, thinking up one excuse after another (tariffs are paid by the Chinese! tariffs are not axes!) to for sticking your busy little noses into my affairs.

    Fuck off, slavers. Go mind your own business. I’m not forcing you to do business with the Chinese and whoever else you hate today or tomorrow. Stop fucking with my business.

    1. Right but you’re a sockpuppet for a guy who told us he eats shit.

    2. ^ This is the best argument against tariffs.

      1. The tariff fanbois and Trumpistas always ignore it. I have asked a dozen times and never got a single answer.

        1. For the Nationalists it seems to stem from the fact that they see job creation as some role for the federal government to play. Which is a clear distinction from the previous conservative thinking that government inaction allows for job creation. In the case of tariffs they lean on government action to play that role. That is leftist thinking.

          It’s entirely antithetical to the whole notion of traditional conservatism, which is why it’s so dangerous. If we lose the right when it comes to free market thinking, what allies do we have left?

          1. “‘Nationalist’ Is How a Republican Spells ‘Progressive.’” ~ David French

        2. They can’t answer it. Tariffs are about the naked raw power of telling individuals who they may or may not trade with. They won’t admit it because it will reveal the truth that they are not conservatives at all, but authoritarian lovers of state power.

    3. You clowns are just a bunch of busybody nannies, thinking up one excuse after another to for sticking your busy little noses into my affairs.

      We call that “modern liberal democracy”. It’s the agreement under which we live. Let’s work together on changing it. But as long as it’s in place, we decide at the ballot box what the rules are, and I pay my taxes and you pay your tariffs.

      (And who are you kidding? You don’t have a trade or a business.)

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  7. “The president’s tariffs have hiked prices and harmed consumers.”

    Of course they hike prices. But did they harm “consumers” on *net*, who are also generally *workers* who saw a rising labor force participation rate *and* rising median wages?

    Reason is just so boring and braindead. Article after article looking at one side of the equation and pretending it tells the whole story. I don’t think they’re that stupid. They’re just self-conscious shills.

    What Reason calls “free trade” is a set of trade, immigration, and tax policies that benefits foreigners and US corporate ownership over US labor.

    Reason has yet to explain why it’s “libertarian” to tax domestic labor in preference to the products sold by Slave Emperor Xi.

    And whatever the benefits of purchasing our geegaws from a Slave Emperor, calling it “free trade” is grotesque. Is that what freedom is at Reason? The freedom to profit from foreign slave labor?

    Recall that Adam Smith himself favored tariffs to offset local taxes on production, protect industries needed for national defense, and pressure foreign nations to reduce their own tariffs against US products. Reason pretends they are for classical free trade, while railing against the tariff policies of Adam Smith.

    Shills for a Slave Emperor.

    Behold Reason’s “Libertarian” Moment.

    1. Yes, innumerable studies have shown the jobs saved cost far more than the jobs pay, but you don’t need that, common sense will tell you that when a product has an arbitrarily high price, there are consequences:
      * It is inefficient (unless you don’t believe in markets and the price mechanism)
      * Consumers have less money to spend elsewhere and so end up with fewer items than they would have had otherwise
      * Other factories sell fewer products and make less money and have to lay off workers

      People only have so much to spend. When you divert a hunk of it to the government as taxes, and more of it to inefficient factories, there is less to spend on efficient products.

      If you think that is a good way to slow down an economy, you are right.

      1. Yes, common sense is that Chinese slave and prison labor can make goods much more cheaply than US workers subject to US labor regulations.

        The world you’re advocating is effectively one in which Americans don’t work, Chinese slave labor produces everything we need in returns for US IOUs, and the Chinese communist government owns more and more of the US.

        1. When Emperor Xi owns America, Reason calls it “investment”.

      2. Just like “innumerable studies have shown” that minimum wage laws don’t depress hiring.

        “People only have so much to spend.” Especially when they don’t have jobs.

        Since Reason refuses to, perhaps you’d like to explain why it’s “libertarian” to tax domestic labor in preference to the products sold by Slave Emperor Xi.

    2. You’re right that “consumers are GENERALLY workers” but its better to say “workers are consumers”. You don’t need the work GENERALLY. We work so that we can consume, not vice versa.

      Q -What do we want as consumers for the things we consume? A – Abundance and low prices.

      Q – What do we want as workers for the things we produce? A – Shortage and high prices.

      Q – Which of these desires is more consistent with the well being of the human race? A – The first one.

      You should read more Bastiat and less Smith.

      1. Smith does not conflict with Bastiat. Both are against tariffs.

        1. Adam Smith argued that tariffs were permissible and necessary (1) to protect essential national industries, (2) to level the playing field when there is domestic taxation, (3) to counter high tariffs on exports to another nation, and (4) to prevent domestic unemployment.

          So, Adam Smith may be against tariffs in general, but he recognized that there are situations in which they are needed. And all four conditions apply to China and the US.

          1. Reason’s “free traders” are opposed to Adam Smith.

  8. Oh wow Hihn shit all over this thread

    “Trump Is Still Losing His Own Trade War”

    AHAHAHAAHHAH KEEP PEDDLING THAT SHIT YOU RETARD HAHAHAHAHAH

    AHAHAHAHAHAHAHAHAHAJAAJ

  9. Still banging the trade drum canard, eh Doctor DeRugy?

    If you substitute ‘foreign policy’ for ‘trade policy’, it might expand your thinking. Assuming you can think past your TDS.

    1. no no no no don’t you see they’re competely independent of each other

    2. That’s a good point actually. We often isolate countries, economically, as part of our foreign policy through sanctions. Cuba, North Korea, Iran, are all great examples of this.

      What effect do you think self-isolating our economy from that of the world will have? If we do it to punish other countries, why would doing it to ourselves have a positive impact on our economy?

    3. Tariff policy is also tax policy

      Reason has yet to explain why it’s “libertarian” to tax domestic labor in preference to the products sold by Slave Emperor Xi.

  10. Trump knows more about economics than any economist! He’s the smartest man in the world!

      1. Trump is a giant idiot.

  11. Free, open trade with another country is at least partly based on trust. Do you support the use of political prisoners in China to make products selling cheaply in the US? What about clear violations of patent law?
    We often cut off trade with bad actors all around the world, including Nazi Germany, South Africa, and Imperial Japan in the past. Not all trade negotiations are morality neutral. The policy will have costs in the US, but so does any conflict.

    1. Damn straight! China is just as bad as Nazi Germany! This is WAR!

    2. Then why does Trump pretend so hard that this is good for the economy? You Trumpistas used to parrot that line, now you parrot this one.

      1. I don’t know what “good for the economy” means.

        Read Adam Smith to understand why tariffs may be a necessary evil in many situations.

        1. Von Mises knew way more than Smith.

          Trump is toast. It will be a stroke of genius if Biden reverses the tariffs. A couple of EO’s will effectively neutralize all of Trump’s “accomplishments.’

          1. Von Mises merely makes the trivial argument that if government imposes tariffs on trade between two free market economies, people on average are less well off. Go right ahead and try to make a convincing argument why that is relevant and applicable in our trade with China.

    3. Countries don’t trade with countries. Individuals trade with individuals.

      1. And my ability to trade my labor with my employer is limited in the US by the government. And to add injury on top of injury, I have to compete against foreign labor that the anti-tariff crowd explicitly wants to exempt from such restrictions.

        1. Too bad. Then tell the government to respect freedom.

          1. I am. I am also engaging in self defense: as long as you force me to pay income taxes, I force you to pay tariffs.

            1. Foreign businesses don’t pay taxes in their own countries?

    4. ” Do you support the use of political prisoners in China to make products selling cheaply in the US?”

      Reason does. As long as it saves them a nickel, they’re all for purchases from slave labor. More “efficient”, doncha know?

  12. But let’s not forget that President Donald Trump is the one who unilaterally started this trade war back in 2018.

    Whichever past Congress gave the president power to order his own tariffs, they’re complicit. What a dumb move.

    1. Trump didn’t “start” the trade war with Emperor Xi, he just fired back.

      1. Learn about unilateral free trade, genius.

  13. Reason really knows how to pick the wrong items…anyone buying European cars is not going to be scared off by a little bump in the price caused by a tariff, nor is anyone sitting down to a Lobster dinner. European auto makers are not so much worried about loss of sales as the workers and the politicians that pander to them are that the factories will be moved to North America. Have owned Japanese cars since 2000 and all of them were made in the USA.
    Actually I would prefer that the income tax be lowered and Tariffs be raised, return us to the way it was before the 16th amendment.

    1. No. Income taxes AND tariffs should be lowered, moron. In the old days government was small enough to run on LOW tariffs.

      1. “Life has no trade offs.”

        Those at Reason who cheer for saving a nickel by purchasing goods from foreign slave labor will do anything to evade explaining why US labor should be taxed at higher rates than slave produced geegaws from Emperor Xi.

      2. Lowering taxes isn’t on the table. Therefore you favor a high tax/low tariff policy and that’s not feasible.

        1. How is it not feasible?

    2. “Actually I would prefer that the income tax be lowered and Tariffs be raised”

      Adam Smith was for tariffs to offset local costs of production. Reason prefers tax policy to rig the market in favor of Emperor Xi and importers over American workers.

  14. Trump is losing at everything right now. Lol. He had a temper tantrum.because a CNN poll has him down 14.

  15. The largest problem with Tariffs is the end result on business. Business cannot just unilaterally decide that production can ebb and flow with mind numbing irregularity. They have to make adjustments that move much slower. Production is a design process that involves ramping up, flow of product and minimum back stock. Once Government decides what the flow will be then business has to stop the flow, release workers and decide if revamping production is even worth it.

    1. That is called Sovereign Risk. Until Obama and, especially, Trump almost everyone in international business thought it a problem of, as Trump says, “Shithole Countries.” This risk caused by the caprice and corruption of heads of state is now a huge problem for America, too.

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  16. Hopefully Biden ends the tariffs after he becomes president.

  17. If Biden nixes the tariffs and signs a law ending qualified immunity, he will have already done more for libertarianism than President Lardass has. He’ll probably get the deficit under control with a Dem Congress too by raising taxes, which, while not optimal, is still better than running up the debt.

    The next GOP candidate for president in 2024 will have to be a real deficit hawk libertarian. No more neocons like Bush and no more neo-Confederate fascists like Trump, please.

    1. Biden wouldn’t end QI; such a bill would never make it to his desk. But you’re right: Biden would certainly get in bed with Xi again.

      You and Biden are proposing policies of selling off America to communist China while taxing the bejesus out of the top 20% and going into massive debt. That’s not libertarian, it’s simply being a useful idiot for communist dictators.

      1. Trump has us in massive debt.

  18. The author, like many other people, has no idea how tariffs work. They are not just additional sales taxes placed on consumer items. They are paid by the first buyer and in the case of China the government covers the cost so they won’t lose market share. Yes, let’s get all of liberal outrage going over bad orange man. The fact that these other nations have imposed tariffs on us for decades is of no concern. How else are the good socialists going to prove capitalism doesn’t work? You folks on the left should stick to your social justice bullshit. Because there is at least some rational thought behind it. Although social justice often produces the opposite of real justice.

    When it comes to economics the least amount of government involvement is desired. China has been stealing our intellectual property for decades. If they were allowed to continue they would have become the number one economy and shortly thereafter the number one military. So government intervention was required. Say whatever you like about evil, bad America. Founded by racists, etc, yawn. Name another nation in the history of mankind that wouldn’t have conquered the world with the military superiority we possessed in 1945. If the world were to be left to the tender mercies of China no one would like it much outside of the CCP. Trump is dealing with problems created by those who came before him. The author seems to think letting China become the dominant world power is okay as long as she can get a cheap Iphone.

    1. Trump is losing the trade war, and he’s losing to Biden. Deal with it.

    2. “Economic nationalism” ends on Nov. 3. Morons with no understanding of economics will no longer control the GOP after that. Bye bye.

  19. Where is iloveDICKS1789?

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