Trump, Tariffs, Trade—and a Taboo? › Victor Davis Hanson

[mystery-ak]

Trump, Tariffs, Trade—and a Taboo? › American Greatness
Victor Davis Hanson


After only a hundred days, the Trump counterrevolution has made quite miraculous progress on the border, illegal immigration, cost-cutting, curbing the DEI/woke revolution, and a historic Ukrainian War settlement.

The pushback to this multifront effort from the left has been formidable, if not hysterical. The greatest fury mostly centers around Trump’s efforts to force U.S. trading partners to adopt either reciprocal or no tariffs while obeying international trading norms—an effort aimed at vastly reducing the U.S. trade deficit.

If Trump could cut a proverbial deal in the next 100 days that, say, cut the annual $1.2 trillion trade deficit in half, coupled with multitrillion-dollar foreign investments, then stocks and bonds would settle down.

Wall Street would go back to its traditional platitudes that the trade deficit then would be no higher than the 3-percent-of-GDP red line.

Stocks would then soar in anticipation of the other news of a continuation of tax cuts, more budgetary reductions, robust energy development, and further deregulation.

more
https://amgreatness.com/2025/04/28/trump-tariffs-trade-and-a-taboo/

[Bigun]

If Trump could cut a proverbial deal in the next 100 days that, say, cut the annual $1.2 trillion trade deficit in half, coupled with multitrillion-dollar foreign investments, then stocks and bonds would settle down.

If we could just get a single bill (HR25), currently languishing before the House Ways and Means Committee, signed into law this country would experience at least 10% economic growth per year for the next ten years but doing that would take away congresses power to practice social engineering via the tax code and that's the rub.