Source: Future of Freedom Foundation
by Jacob G Hornberger
“Trump steadfastly maintained that high tariffs and economic protectionism are good things in and of themselves. If that’s true, then why is he now backtracking by suspending them? Reason One: The advocates of free trade have absolutely decimated the Trumpsters’ arguments in favor of tariffs and economic protectionism. … Reason Two: Trump had to know that his tariffs and trade wars were already wreaking massive economic devastation, especially among small business owners in America. … Reason Three: Trump’s tariffs and trade wars caused sharp drops in the stock market and the bond market. … Reason Four: In retaliation for Trump’s tariffs and trade war, China imposed strict controls on the export of rare earth minerals, which are needed by the Pentagon for its enormous war machine.” (05/12/25)
https://www.fff.org/2025/05/12/trumps-mega-blink-on-china-tariffs/