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George Polycranos
Port Matilda
Americans reasonably assume that the President of the United States will put our nation's financial well-being ahead of his own self-interest.
So, Trump's fixation on tariffs and trade wars just doesn't make sense when virtually all economists, and even the conservative Wall Street Journal, say that tariffs increase inflation, lead to layoffs, and force hardworking Americans to watch their retirement savings evaporate.
The radical imposition of tariffs was one of the major causes of the Great Depression.
Financial deregulation, another one of Trump's priorities, led to the mortgage crisis and recession of 2009.
The whole world relies on a strong U.S. dollar and Treasury Bills as a safe haven for investments in uncertain times. Trump's trash talk and threats of firing the Federal Reserve's Chairman, whom he himself appointed, spooked the stock and bond markets as investors lost confidence in the U.S. economy because of the uncertainty created by this recklessness.
Since Trump's hurtful tariffs have done nothing to bring down inflation or strengthen our economy, he clearly must have another more self-serving motive.
Tariffs are being used as a mafia-like strategy to amass power by extorting obedience from impacted nations and businesses. Sadly, this cowardly Republican-led congress has done nothing to protect us from Trump's unconstitutional power grab.
Americans deserve better! Call your Representative and Senators to demand they do their job and defend our Constitution and nation from this dictator-wannabe who's completely willing to incinerate our economy so long as he gets to rule over the ashes.