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If Trump’s Tariffs Work, It Will Be Epic

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Posted By: RockyTCB, 4/3/2025 8:58:28 AM

“April 2nd, 2025, will go down as one of the most important days in modern American history.” — White House Press Secretary Karoline Leavitt. We have no doubt that Leavitt’s prediction will come true. Whether it’s remembered for being a success or as Smoot-Hawley 2.0 remains to be seen. “It is going to work,” Leavitt said. “And the president has a brilliant team of advisers who have been studying these issues for decades.” [snip] or the sake of the country, we hope Trump’s liberation day is remembered in future history books … and for all the right reasons. And if that’s

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Reply 1 - Posted by: Attila DiMedici 4/3/2025 9:25:52 AM (No. 1925929)
It is worth noting that while the Smoot-Hawley Act has been blamed for exacerbating the Great Depression, that has been questioned over the last few decades. It is worth noting that tariffs were essentially ended in 1933, but doing so had no impact on the Depression.
4 people like this.

Reply 2 - Posted by: jimincalif 4/3/2025 10:20:14 AM (No. 1925956)
Economic theory shows tariffs to be a net negative for the country that imposes them, even if the other countries impose them on us. That said, certainly there are strategic reasons to have them, at least on certain products, in order to maintain domestic security. Trump is also wielding them as a negotiating tactic, something economic theory doesn’t address. The U.S. market is the big Kahuna, so this makes sense to some extent. I’m nervous, and not a fan of how abruptly he’s imposing quite high rates when it takes years for manufacturers to respond to them building new plant, acquiring equipment, and hiring and training. This feels needlessly destructive.
2 people like this.

Reply 3 - Posted by: stablemoney 4/3/2025 10:36:19 AM (No. 1925969)
It will work and it will be epic. The US cannot afford to fund the world, as we have since WWII.
11 people like this.

Reply 4 - Posted by: mombogogo 4/3/2025 11:08:22 AM (No. 1926000)
I would feel a lot more optimistic - as would most Americans - about imposing these tariffs if congress would get off its rear end and implement permanent tax cuts.
5 people like this.

Reply 5 - Posted by: Vaquero45 4/3/2025 11:51:54 AM (No. 1926031)
Whenever anyone expresses doubt about Trump’s policies, I always ask them the same question: well, what’s YOUR solution? Most of the time, they don’t have an answer. When they do, it’s a rehash of something that’s been tried already and didn’t work.
3 people like this.

Reply 6 - Posted by: Sunhan65 4/3/2025 2:30:24 PM (No. 1926122)
I'm with #2. You can't tariff your way to prosperity any more than you can tax your way to growth. I used to say that I agree 100% with 50% of what Ron Paul says. I loved Paul's constitutional libertarianism and disagreed with his foreign policies. With President Trump, my agree percentage is much higher. He is doing critically important things: de-weaponizing the Justice Department and FBI, de-politicizing the national security apparatus, and de-funding federal bureaucracies that are bankrupting us. And I'm open to imposing reciprocal tariffs in principle if it leads to free and fairer trade. However, President Trump is doing this by executive fiat and legalizing it using dubious national security "emergencies." He is also alienating trading partners and allies and damaging American companies and brands who export.
0 people like this.

Reply 7 - Posted by: judy 4/3/2025 2:59:47 PM (No. 1926136)
It’s been less than 24 hours..,be patient…at least he’s trying instead of sleeping on the beach…..,,
0 people like this.

Reply 8 - Posted by: NYbob 4/3/2025 6:52:10 PM (No. 1926255)
I am amazed that grown adults can't comprehend that any tariff, any rate of any tariff can be renegotiated or even eliminated in 24 hours, IF the other nations are actually interested in 'fair' trade. WE aren't the bad guys here. President Trump isn't the bad guy here. Foreign nations that have abused the US for 70 years are. WWII changed the world and upset the status quo as a matter of necessity after the Axis powers were destroyed, but that situation normal is OVER. We can not continue a setup that makes globalists rich while destroying American taxpayers.
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