Articles

Critics of Trump's Reciprocal Tariffs are Missing the Economics Gene

Posted on 03/14/2025 12:00 am  /   Latest News

By Katie Grimes, California Globe, March 11, 2025 

Imposing tariffs on foreign goods means a $700 billion add to the U.S. budget.

Critics of Trump are hysterical over his promise of reciprocal tariffs, and fundamentally disagree with his positions on the economy. They blame Trump for the price of eggs, the Russia/Ukraine war, DOGE and Elon Musk, and decry cuts to the federal government and federal employees. Much of this criticism is Trump Derangement Syndrome, but a lot of it is because of a lack of understanding of basic economics.

What many Americans are not aware of is that tariffs funded the American economy prior to the income tax, which meant that Americans did not have money taken from their paychecks – they kept everything they earned until they decided to spend it.