Washington, DC…For the first time in decades, the United States will see fair trade as President Donald J. Trump announces tariffs to level the playing field for American workers and businesses.
Despite the rhetoric from politicians and the media, studies have repeatedly shown tariffs are an effective tool for achieving economic and strategic objectives — just as they did in President Trump’s first term.
- A 2024 study on the effects of President Trump’s tariffs in his first term found that they “strengthened the U.S. economy” and “led to significant reshoring” in industries like manufacturing and steel production.
- A 2023 report by the U.S. International Trade Commission — which analyzed the effects of President Trump’s Section 232 and 301 tariffs on more than $300 billion of U.S. imports — found the tariffs reduced imports from China, effectively stimulated more U.S. production of the affected goods, and had very minor effects on downstream prices.
- According to the Economic Policy Institute, the tariffs implemented by President Trump during his first term “clearly show[ed] no correlation with inflation” and had only a fleeting effect on overall prices.
- Economic Policy Institute: “Following implementation of Sec. 232 measures in 2018—and prior to the global downturn in 2020—U.S. steel output, employment, capital investment, and financial performance all improved. In particular, U.S. steel producers announced plans to invest more than $15.7 billion in new or upgraded steel facilities, creating at least 3,200 direct new jobs, many of which are now poised to come online.”
- An analysis by the Atlantic Council found that “tariffs would create new incentives for US consumers to buy US-made products.”
- Former Biden Secretary of the Treasury Janet Yellen affirmed last year that tariffs do not raise prices: “I don’t believe that American consumers will see any meaningful increase in the prices that they face.”
- A 2024 economic analysis found that a global tariff of 10% would grow the economy by $728 billion, create 2.8 million jobs, and increase real household incomes by 5.7%.
- President Trump’s first term steel tariffs led to thousands of jobs gains in the metal industry, along with wage increases.
- The tariffs were hailed as a “boon” for Minnesota’s iron ore industry, with state officials crediting them for bolstering the local economy.
- Steel and aluminum imports drastically decreased during President Trump’s first term, falling by nearly one-third from 2016 to 2020.
- The tariffs led to a wave in investment across the United States, with more than $10 billion committed to build new mills.
- The Hill: “The Trump tariffs keep working, to the consternation of many economists”
- S&P Global: “Global Trade At A Crossroads: Trump Tariffs Forge Better Credit Quality For U.S.-Based Steel And Aluminum Producers With A Protectionist Stance”
- IndustryWeek: “Tariffs Are Keeping US Steel Production Strong”
- “With steel imports down, America’s steelmakers have started investing at home. In addition to Nucor and US Steel, companies like Cleveland-Cliffs, Steel Dynamics, CMC, and AK Steel have invested billions of dollars in at least 16 major new projects throughout the nation. The top five US steel companies more than doubled their total annual investments between 2017 to 2019, from $1.5 billion to $4.2 billion.”
Predictably, the media was wrong.
- PBS (2018): “Trump tariffs may imperil a delicate global economic rebound”
- “President Donald Trump’s announcement Thursday that the United States would impose heavy tariffs on imported steel and aluminum — with some countries potentially exempted — suddenly raised a fear that few had anticipated: That U.S. tariffs could trigger a chain of tit-for-tat retaliation by America’s trading partners that could erupt into a full-blown trade war and possibly threaten the global economy.”
- NPR (2018): “Trump Plan To Impose Tariffs on Steel, Aluminum Raises Trade War Fears”
- “Chad Bown, an economist and trade specialist, says the tariffs will drive up the price of steel and aluminum for the multiple other industries that use the metals. Those industries actually employ more people than the steel and aluminum sectors, he says, ‘so this is a really big concern, just from an economic perspective.’”
- The New Yorker (2019): “Trump’s Trade War Could Make the Trump Recession a Reality”
- “What we do know for sure is that, the longer Donald Trump persists in his trade war, the greater the chances are of an outright slump developing.”
- Politico (2018): “Trump blasted at home and abroad for plan to impose steel, aluminum tariffs”
- “President Donald Trump’s decision to impose tariffs of 25 percent on steel imports and 10 percent on aluminum reverberated across the world Thursday, spurring retaliatory threats from some of the nation’s closest allies and sending stock prices plummeting on investors’ fears of the global economic fallout.”
White Houses Says Tariffs Work — and President Trump’s First Term Proves It added by admin on
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The don tries to blame the trade countries, saying they are unfair.
The US signed many trade treaties, NAFTA, GATT, WTO.
The US corporations agreed to these treaties, they were ratified by our Congress, the Presidents signed them.
To try to say the trade countries are cheating is another big lie the don always tries to use, his main con- the big lie.
If these trade countries were cheating in trade, there is a court remedy. The US never sued in trade court to argue the countries were cheating.
musk got his A** handed to him in Wisconsin, losing by more than 10 points.
This is all a big lie , when will the people wake up and as in Wisconsin yesterday say enough to the lies of the Republicans, and their ill conceived policies that hurt the majority?
Wow!!! Many Trump regime stories today. How come there were none about “Signalgate” Mr. Editor???
Let me answer. Because you are a biased Trumpster. That is why. What, are you trying to get a job with Newsmax as a journalist? Your’e not a journalist bozo. Your’e just a redneck reporter. Always will be. Keep up the good work bilking local businesses out of their advertising monies. They must be gullible like a trump sheep here in CalCo.
Tariffs are an import tax. They cost us money.
So many lies he tries to sell, but his corporate pals all agreed to the 3+ trade agreements,NAFTA, GATT, WTO, Congress approved them, Presidents signed them.
If there were any transgressions by other countries against the treaties, they had the courts to decide. No court cases filed.
This is all another big lie the don tries to sell.
America approved these treaties, if anyone sold out America, it was the Congress, Presidents.
Did anyone notice how Trump knew his way off the podium?
A complete fool. The cognitive ability of a two year old.
Dickhead I’m a Democrat don’t be talking about Joe Biden that way.
Republicans just let this felon destroy our country
Joe did that.
If that’s true, why did the Economist say that the American economy was the envy of the world a few months ago and now we are staring at a recession?
Joe Biden did this? Anyone who believes that is definitely delusional and in a cult. This is Trump’s mess we will all pay for Tariffs are a tax we will ALL pay for prices won’t come down recession is very likely. Let me be clear. Joe Biden IS NOT PRESIDENT ANYMORE! Trump promised prices would come down his first day in office LIES. Fortunately we see some Republican senators finally standing up to the Orange King but it’s probably to little to late
^^^This^^^
Also. Lets get one thing straight. Melania got where she is by following Dons orders, getting down on her kneees in front of him, and fellating him in a great way.
She didn’t get where she is by benefiting mankind in any way shape or form.
She sucked off Don.
That’s how she got where she is.
This was after she was photographed spread eagle for some euro trash mag. Spread eagle for all the world to see. Oh, and a little lez action while she was at it.
She’s eurotrash is all she is, eurotrash.
Oh, and first lady.
Joe did that?? Ha hahahahaha!!! No Trump is doing that! Stock Market tanking again today. THE WORST PRESIDENT IN HISTORY!
Melania did do a very tasteful layout for a third rate men’s magazine. SLUT
I seen you in the Spread Cheeks Magazine.
^^”I seen you”……………….”I seen you”……………………? Best stop replying you inbred yokel. Your lack of brain matter is shining brightly, very brightly. Nice job.
I think I seen you in deliverance giving it to Ned Beatty.
U.S. ANNOUNCED JOB CUTS TOTAL 275,240 IN MARCH, RECORD HIGH FOR THE MONTH OF MARCH
Reciprocal tariffs is BS. Our transparent president (BS too) shows what we are going to charge other countries but he doesn’t show what they are charging us. Why? Because we have free trade agreements. Trump is just pissed because our imported products value is more than exported products value. There is no way any other country out there could afford to import as much as we import from them. We have way more billionaires, millionaires, and high paid people than any other country meaning a lot more buying power. As consumers and business owners, we are going to look for the best deal possible regardless of its origins.
Tariffs are not going to stop illegal immigration, drug traffickers, companies to move back to th US, or make things better for the people. All things Trump claims he is doing this for. His words from his mouth, not mine.
Insane imbecile he is.
Trumps speech this weekend?
“FOOOOOOOOOOOOOOOOOOORE”