Trump's Trade War Is A Political Trap For Democrats [View all]
The presidents reckless tariffs are designed to goad his opponents into touting free trade and scoffing at the working class.
To tariff or not to tariff? Todays tweet-length political discourse pretends this is a binary choice. President Donald Trump has pitched across-the-board import levies as a panacea to rebuild American manufacturing, while Democrats insist that Trumps proposals are an attempt to crash the economy, and that their party should tout their opposition to all tariffs.
But neither the policy nor politics of this moment are that neat and simple. While too few or too many tariffs can destroy economies, there is a Goldilocks zone thats just right. Its just being omitted from the conversation.
Policy-wise, Trumps tariff-all-imports initiative lands on the too many side, ignoring some basic economic realities. In offering almost no implementation period, it provides industry no grace period to actually reshore factories and other capital-intensive operations to produce goods in the United States. In applying tariffs across the board rather than in a targeted fashion, Trumps proposal makes few accommodations for commodities from coffee and vanilla to various rare earth minerals that America cannot produce at scale within its own borders.
SNIP
Once a doctrinaire free trader, Joe Biden as president championed a mix of carefully calibrated tax incentives, spending programs, and yes tariffs. He and his administration did a terrible job of publicizing the policys triumph but it was working. During Bidens term, the United States added more than 700,000 manufacturing jobs, far outpacing Trumps first term. Many of the jobs and factory investments occurred in Republican-dominated states that had been hammered by past free trade policies.
https://www.levernews.com/trumps-trade-war-is-a-political-trap-for-democrats/
Point well taken going forward.