• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

DAVID MARCUS: Trump’s tariff triumph big step for America’s comeback

by April 10, 2025
written by April 10, 2025
NEWYou can now listen to Fox News articles!

Big media and big finance insisted the financial sky was falling this week, but with President Donald Trump, you never know exactly where you are in any deal-making process. Weighing in too soon can make you look stupid.

On Wednesday, the deal-maker in chief announced a 90-day pause on sky-high tariffs directed at 75 nations which did not retaliate against his measures and have asked the administration for a reprieve and time to negotiate.

Democrats, and a fair number of free-marketeer conservatives to boot, celebrated Trump ‘caving’ to the pressure of the financial markets. But when the smoke settled, it was clear that, far from folding, Trump had instituted a historic tariff regime, and somehow got a stock market rally out of it.

By Thursday morning, Trump had slammed communist China with a whopping 125% tariff, maintained a 25% penalty on certain goods from Canada and Mexico, placed a blanket tariff of 10% on most of the rest of world, and had nations lined up outside the White House to negotiate like it was the Olympic opening ceremonies.

Make no mistake, as little as two months ago, those accusing Trump of folding would have called the tariffs he landed at on Wednesday unconscionable, but after the past week’s turmoil, the largest tariff increase in decades looked like a moderate, market-soothing compromise.

And the good news for working-class Americans, now the solid core of Trump’s support and that of the Republican Party, is that the effort to restore American manufacturing is only getting started.

You see, while the Ebenezer Scrooges at libertarian think tanks have long since written off small industrial towns as gone for good, Donald Trump has not. 

And it isn’t just a matter of sympathy or fairness for these far-flung factory towns, it is also a matter of national security, of being capable of making our own weapons, pharmaceuticals and computer chips.

The point of Trump’s tariff turmoil was never tariffs for their own sake; it was and is to reshape American trade and make our nation less dependent on geopolitical and ideological foes such as China.

Those who support the president’s effort to reshore manufacturing and reinvigorate forgotten America don’t care if it happens through tariffs or trade deals. They only care that the jobs come home, even if it means paying more for Chinese widgets.

Of course, this infuriates the free-marketeers for whom cheapness is next to godliness, but what did they think populism was? Mitt Romney in cowboy boots?

Of course, this infuriates the free-marketeers for whom cheapness is next to godliness, but what did they think populism was? Mitt Romney in cowboy boots?

I would say that the free traders and libertarians have no answers for small-town America, but actually they do. It appears to be flooding them with tens of thousands of Haitian migrants. Seriously.

What the free-market fanboys fail to realize is that tariffs and trade deals are not just economic issues, they are very much cultural issues as well. The question isn’t just how big a number we can ring up on the national cash register, it’s also quality of life.

Let’s take the COVID lockdowns as an example. 

Five years ago last month, the stock market crashed as the Chinese virus was unleashed. For the rest of the year, many, if not most, Americans stayed home all day and night, streamed video, and ordered from Amazon and DoorDash.

By December, the Dow Jones Industrial Average was higher than it was before COVID hit. 

Now, would any of us say that 2020 was a great time? Does anyone other than a hypochondriac New Yorker magazine essayist look back fondly on being locked in our homes and out of our houses of worship?

Of course not.

The American novelist Jack Kerouac once famously quipped, ‘I don’t want a living, I want a life.’ To be sure, those of us who are not committed to life on the road as beat poets need both, but thankfully President Trump understands that global trade is about much, much more than money.

Importantly, Trump is not doing this alone. Had his supporters panicked as so many conservative commentators did last week, he would not have achieved the tariffs we’ve arrived at or the upcoming negotiations.

The reason that Canada is buying billboards in Florida blaring the message ‘Tariffs Are Taxes’ is that they want Americans to be as freaked out over the tariffs as the Canadians I met last month in Calgary are.

But that isn’t happening. Those who believe in Trump’s vision to transform American manufacturing are heeding the president’s soothing advice to ‘be cool,’ and support his America first agenda.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Ahead of Trump admin-Iran talks, new report says Iran nuclear threat rises to ‘extreme danger’
next post
The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

related articles

Cambodia to nominate Trump for Nobel Peace Prize...

August 2, 2025

Recess on ice as Republicans hunker down for...

August 1, 2025

Trump moves nuclear submarines weeks after praising sub’s...

August 1, 2025

WATCH: Trump says he is hopeful Hillary Clinton...

August 1, 2025

Iran says it has ‘plenty of scientists’ left...

August 1, 2025

Trump endorses ‘MAGA warrior’ for RNC chairman after...

August 1, 2025

Trump repositions 2 nuclear submarines after ‘highly provocative’...

August 1, 2025

Kavanaugh cites 3 presidents in explaining Supreme Court’s...

August 1, 2025

China’s growing nuclear arsenal aims to break US...

August 1, 2025

Trump ally Bukele’s party amends El Salvador constitution...

August 1, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump reaffirms hard-line on Iran nuclear deal: ‘will not allow any enrichment of uranium’

    June 3, 2025
  • Microsoft Outage Causes System Crashes All Over the Globe

    July 22, 2024
  • EURAUD and EURNZD: New annual high for EURNZD at 1.82573

    July 23, 2024
  • Tariffs kick in

    March 6, 2025
  • Theme of Trump’s address to Congress revealed

    March 4, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,603)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Trump announces pick of real estate tycoon Steven Witkoff for Middle East envoy

    November 13, 2024
  • Trump declares US will win global AI race during executive order signing ceremony: ‘Whatever it takes’

    July 24, 2025
  • I’m chronically ill. RFK Jr. could find solutions to actually make us better

    February 3, 2025

Recent Posts

  • Trump admin to pause financial assistance programs: report

    January 28, 2025
  • Vance, conservatives blast Omar over resurfaced ‘fearful of White men’ clip: ‘Genocidal language’

    May 6, 2025
  • EURGBP and EURCHF: EURGBP has fallen to a two-year low

    July 15, 2024

Editor’s Pick

  • Hospitals warned they must protect children from chemical and surgical mutilation: HHS agency memo

    March 7, 2025
  • Over 200 former Bush, McCain, Romney staffers endorse Harris: ‘The alternative … is simply untenable’

    August 27, 2024
  • Oil and Natural Gas: Oil climbed to a new weekly high

    August 9, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock