Trump, Vance peddle fictions to sell Americans on massive tax increase
One need not rely on experts to know tariffs are typically not a good policy. Going back to Adam Smith writing “The Wealth of Nations,” we know it is better to manufacture cheap commodities in areas that can make them cheaply so that wealthier nations can spend their wealth more productively. Adding tariffs historically disrupts that balance and often causes economic slowdowns.
President Donald Trump thinks the United States needs to rebuild its manufacturing capacity. In some cases