by Llewellyn H. Rockwell, Jr.
LewRockwell.com
The last excuse that diehard defenders of President Trump’s tariff policies have advanced now lies in ruins. Trump had put in place exorbitant tariffs, these defenders acknowledged, but this was just a negotiating tactic, to get the targeted countries to lower their own tariffs on American goods. But if that is his aim, he is pursuing it in a blunderbuss fashion. As Paul Craig Roberts, a strong defender of tariffs, says: “Trump’s position on tariffs is problematical for many reasons. First, let me say that historically tariffs were a legislative issue. The Morrill Tariff was voted by Congress. The Smith-Hawley Tariff was voted by Congress. How is it that the executive is imposing tariffs? Assuming the president has this authority and assuming that we don’t have tariffs on others but others have tariffs on the US, the way to success is for Trump to sit down with the offenders and explain that the situation is not working for us. How do they propose to rectify the inequality? This would have given Trump the upper hand. Instead, he is portrayed as issuing threats not only to China but also to American allies. Retaliation has become the game.”