Free Trade Agreements Between Nations Stimulate the World’s Economy, Tariffs Stifle Growth
Op-ed by TheWiseOldFart As we all learned more about Trump over the last 10+ years, it became crystal clear why he failed at every business venture in his life, including casinos, and why he was forced to rely on assistance from foreign nations to avoid absolute financial ruin. Anyone who voted for Trump, in any of three disastrous elections, placed the economy of 340 million people in the incapable hands of a draft dodger and criminal who avoided paying taxes with fraudulent practices. Every qualified economist in our country warned against Trump’s plan to place large tariffs on every other nation in the world, including our oldest and most trusted allies. In 1930, Herbert Hoover was faced with economic disaster after the beginning of the Great Depression in 1929. His idea was to place tariffs on most imported commodities. His plan failed miserably, and exacerbated the many problems facing the American people. Beginning in 1981 with Ronald Reagan, the idea of free trade agreements wer...