There was an opinion on the messy but successful tariffs of Trump

Trump’s tariff war has rattled the United States, and it’s caused serious problems in the euro-euclidean world

Last week’s “Liberation Day” marked a kind of D-Day in the effort to reorder the international economic system. The United States has a trillion-dollar trade deficit due to the system’s imbalances. But remember, far from striking World War II’s decisive blow, D-Day was just the start of the European campaign. Eleven months of vicious fighting followed, with more than 100,000 Americans killed before victory was secured. With the tariffs, too, success or failure depends on what happens next, and the nation will have to bear real costs while the outcome hangs in the balance.

I don’t agree. The first thing we need to do is drive inflation down. A tariff is like an excise tax that will increase the price of everything you buy at the store. If the president wanted to use power, he should unite people collectively, like the Europeans or other Asian countries and try to counter China that way through a coalition. And then they could force open markets or force more fair accommodations.

President Trump’s escalating tariffs on trading partners has not only rattled U.S. and international markets – it’s also set off alarm bells in Congress.

This isn’t to say that people haven’t tried. There are any number of theories that seek to explain Trump’s preoccupation with tariffs and trade wars. Maybe he wants to bring manufacturing jobs back to depressed postindustrial communities in the US. He may want the revenue from large tariffs to help reduce the nation’s long-term debt. Maybe he hopes to make the United States a more export-driven economy by having the dollar weaken.

Donald Trump doesn’t see any relationship between individuals or states as any other than a status game, a competition for dominance. His history of hostile litigation, including his refusal to pay contractors, lawyers, brokers and other people who were working for him, is evidence of the fact that a deal with Trump is not an agreement between equals but an opportunity for Trump to abuse and exploit. There isn’t a mutually beneficial relationship or a positive-sum outcome for Donald Trump. In every interaction, someone has to win and someone has to lose. And Trump, as we all know, is a winner.

Sen. Maria Cantwell: Senator Bill to Rein Trump’s Tariffs, and Why the Economy is Wreaking havoc on Consumer Confidence

Sen. Maria Cantwell: Congress constitutionally has the right on trade, really, if you think about it, on interstate commerce and foreign commerce. The president misuses this authority and has misconstrued. Congress should get approval for these unbelievable tariffs that are ruining people’s 401(k) savings and costing consumers a lot of money, so that we can reestablish ourselves in this debate.

In an interview with Morning Edition, Cantwell said “We are the conduit to those constituents. The sectors of the economy that are being affected are agriculture, manufacturing or small business.

A person who is faded. Now, this is described as a bipartisan bill. You co-authored it with Sen. Chuck Grassley, a Republican. But how much Republican support is there for this bill? Can it pass?

Fadel. The president threatens to veto the bill if it ever makes it to his desk. Is it a good idea to pass the bill if Trump vetoes it?

It was not thought that the economy was going to lose $11 trillion in investment. This is wreaking havoc on consumers. Consumer spending makes up about 70% of GDP. The Congress can ask, “what is the plan here?” Why aren’t you consulting with us as we have to consult with our constituents?”

And the thing that people don’t want is to have continued uncertainty. A lot of people who are looking at their 401(k), and were maybe going to retire this year, have great concerns about what that means for them personally.

Source: Sen. Maria Cantwell says there is bipartisan support to rein Trump’s tariffs

Reply to Comment on Global tariffs, trade deficit, and the right resolution” by Wyden’s ‘preferred resolution’

Cantwell: Well, my colleague, Sen. Ron Wyden, D-Oregon, is introducing another resolution related to this. So the good news is that our colleagues are waking up to the fact that the president went too far and that we need to have a discussion. We need to listen to our constituents. We need to understand the needs of the small businesses. We need to listen to the consumer who is hurt here and then make a decision on how we can reestablish ourselves in the debate.

Note: Wyden’s privileged resolution would force a vote on the emergency declaration under which President Trump instituted the global tariffs, according to a statement from Wyden and other senators who have signed on to it.

Fadel. Now, Trump is saying the tariffs are needed to deal with the long-term problem of the trade deficit. Do you agree with that?