The Trump Tariffs have rattled all of the financial markets
Posted By RichC on April 3, 2025
Although I have a personal opinion on just how trade between countries “should” function (free trade), I also realize there’s really no such thing in the real world. There are those who believe companies in the United States end up holding the short straw when exporting their products overseas … due to a variety of tariffs, taxes, government subsidies and protective trade practices. In most cases, those protectionist practices are understandable as every country wants to be as self-sufficient as possible.
That said, all of us who live in the U.S. (especially midwest) recognize just how much of our industrial base and factories are now overseas. COVID shortages made this shockingly clear and yet little has been done to revitalize necessary industry. President Trump in part was elected by blue-collar Americans in the hope he would be able to restore and re-shore the jobs that have been off-shored for decades. His use of tariffs are of obviously controversial, but few opposing them have answers when it comes to bringing back vital industry and loss jobs.