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Trump’s nonsensical, harmful tariff policies
['The Editorial Board']
Pasadena Star News
This past week brought only further confirmation of the mindless and harmful nature of the president’s tax hike-spree.
With American farmers struggling to find consumers as a result of countries imposing retaliatory tariffs on American goods, the president declared he would be using tariff revenue to bailout American farmers.
Yes, the president is essentially imposing higher taxes on Americans and then using that tax revenue to offset the harms those tax hikes brought in the first place.
Obviously, both America and the world are richer thanks to global trade and freer trade.
Both will be poorer as long as president seeks to punish Americans for buying abroad.