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....