The Realistic View

Trump's tariffs are a terrible mistake from many perspectives. They may be the absolute right course for anyone interested in fair trade, as America has been subjected to unfair practices that negate free trade for decades. Everything from tariffs against exported US goods, to markets completely closed to certain US goods, to currency manipulation, particularly by Red China, have been implemented to harm America. In order to have truly free trade, it must be a level playing field for every country, but it has been slanted against American manufacturers and farmers with Trump finally fighting back on their behalf. The problem with Trump imposing tariffs now is that he is harming most Americans, and the goal of bringing production back on shore may ultimately help very few as those returning plants will be automated and staffed by many robots and only enough people to service the robots that will actually be making most of the goods. As for monetary policy, is Fed Chair Jay Powell right that the Trump tariffs will spike inflation, and therefore, the Federal Reserve can't lower interest rates to stimulate the economy as Trump demands? Yes, but Powell was silent as Biden and his rubber stamp Congress were spending the United States into oblivion, and actually tailored American monetary policy to keep DemocRATS in power and in the White House. Powell will stand as an opponent and obstacle to Trump while he was just the opposite to Biden and Harris. Trump's policy is moral and correct but also enormously destructive to the prosperity he is trying to deliver.