Biden’s Latest Trumpian Tariff Scheme: Buying Your Vote With Your Money

Source: Garrison Center
by Thomas L Knapp

“The real case for tariffs, once we set aside ‘level the playing field’ nonsense, is that tariffs let crooked politicians reward their friends and the voters they’re targeting … with your money. That’s also the main argument AGAINST tariffs, but there are others. One of the most important, to steal a phrase, is the ‘national security’ argument. Trump and Biden have both used ‘national security’ as an excuse for imposing trade restrictions in the past, but they always get it backward. Free trade promotes peace. The freer the trade, the less likely war is to break out, for the simple reason that when two countries’ economies depend on trade with each other, they’re less likely to go to war with each other. The opposite is also true.” (05/14/24)