Posted at Hartmann Report on Nov. 27, 2024
Can Democrats Turn Trump’s Trade War Into an Economic Revival?
The right approach to tariffs could rebuild American manufacturing and reshape the political landscape…
The stürm und drang all over the media this week is about Trump, on Monday, doubling down on his tariffs saying that he'd impose across-the-board 25 percent tariffs on all goods from China, Mexico, and Canada until there's no more fentanyl or undocumented immigrants and asylum seekers coming into the US.
That's a substantial lift, and if he follows through with the threat (which seems likely, although I'd bet money that he'll drill lots of holes in those tariffs to satisfy corporate donors) it'll cause a considerable disruption in American commerce. Those three countries, after all, account for more than 40 percent of all American trade.
Weirdly, Trump may be doing the Democrats a favor by taking this position, and I don't mean the possibility that he'll wreck the economy and thus his party's chances in 2026 and 2028 (although that's real, too).