Is Trump Intentionally Destroying America’s Economy?

Op-ed by TheWiseOldFart

The word is “tariffs.” Few people understand them, and the definition is incomplete.

“A tariff is a form of tax imposed on imported goods or services. Tariffs are a common element in international trade The primary reasons for imposing tariffs include (1) the reduction in the importation of goods and services by increasing their prices and (2) the protection of domestic producers.”

The last time a President of the United States applied tariffs to all imported commodities was after the Stock Market crashed, and the economy nosedived and the Great Depression began in 1930. Herbert Hoover was warned about the dangers of such a drastic decision, but he refused to listen to more than 1,000 respected economists. As expected, Hoover’s actions negatively affected the world’s economy.

Trump inherited an economy in full recovery. Biden was the most successful president since Bill Clinton with the establishment of a fiscal policy which proves to be beneficial for everyone.

Trump’s only “god” is money. He truly believes that money solves everything. However, he is not interested in your future or mine. He cares only about himself and no one else.

Trump was informed by leading economists around the world that tariffs are always a big mistake and an exercise in futility. As they take effect, consumers are paying for Trump’s folly.

The only expenses my wife and I can afford are necessities. Goods which come from other nations and appear on the grocery shelves, have already increased dramatically in price.

Trump is not concerned that you and I are paying for his foolhardy actions.

Trump is not a well-educated man. Therefore, he has not studied the mistakes made in our nation’s past. He is ignoring the fact that at the end of the 20^th century, the world’s economy was flourishing. This was the result of free trade agreements between the world’s developed nations. Trump is the single reason the world’s economy is in decline in 2025.

I must ask one question: “how can the world continue to submit to the demands of a schoolyard bully? Is Trump the second coming of Adolf Hitler? Is he intentionally destroying our nation’s economy and therefore the world’s?”

By any means possible, Trump must be removed from the people’s White House before he destroys what’s left of it.

Op-ed by James Turnage

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Source: https://corporatefinanceinstitute.com/resources/economics/tariff/?utm_source=&utm_medium=cpc&utm_campaign=PMax_US&utm_term=&utm_content=&utm_matchtype=&utm_device=c&utm_ad=&cfi_gad_clid=CjwKCAiA8bvIBhBJEiwAu5ayrFhd1UuCbSv2Oyd8-JLudtSqywhcpnVCr-OKsQs0Ss5GyEOXR2xQXhoC0McQAvD_BwE&campaign=PMax_US&adgroupid=&keyword=&device=c&network=x&placement=&adposition=&loc_physical_ms=9030872&loc_interest_ms=&campaignid=21259273099&gad_source=1&gad_campaignid=21255422612&gbraid=0AAAAAoJkId78Wd7VjiXTV1t9dLnmIi4Ad&gclid=CjwKCAiA8bvIBhBJEiwAu5ayrFhd1UuCbSv2Oyd8-JLudtSqywhcpnVCr-OKsQs0Ss5GyEOXR2xQXhoC0McQAvD_BwE