Trade expert calls on Trump to eliminate all tariffs

Trade expert calls on Trump to eliminate all tariffs

Spread the love

A trade expert is calling on President Donald Trump to eliminate all tariffs after the president exempted more than 200 food products to reduce consumer prices.

Even after the exemptions, Trump has defended his use of broad tariffs, which he says will bring back lost manufacturing jobs and shift the income tax burden away from Americans. However, with consumers facing higher prices at the grocery store, Trump took action Friday he said will reduce prices for Americans. For months, Trump and the White House have insisted tariffs wouldn’t affect prices.

Scott Lincicome, the vice president of general economics at the Cato Institute, said Trump didn’t go far enough to help consumers.

“The administration’s reduction in U.S. tariffs would be a welcome relief for American consumers and the economy more broadly, but let’s not kid ourselves here: The administration imposed these same tariffs just months ago, insisting they would not raise consumer prices. Many other unilateral tariffs remain in place, imposing similar harms on American families and companies,” he said.

Lincicome said frequent changes to tariffs make planning a nightmare for businesses. He called for Trump to eliminate all tariffs.

“The constant tariff changes make planning budgets, payrolls, and investments all but impossible,” he said. “And, as last week’s Supreme Court proceedings demonstrated, the tariffs’ legality is dubious at best. The best course of action here – for consumers, companies, the US economy, and the world – is for the administration to eliminate all of these tariffs, instead of sporadically nixing a few of the most politically sensitive ones because economic reality dared to intrude on their misguided trade adventurism.”

Trump defended his tariffs on Monday and said he would send tariff dividends to Americans in late 2026. That would likely need congressional authorization. Early estimates also suggest the proposed tariff rebate checks would cost more than the import taxes generate in revenue.

Earlier this week, White House spokesman Kush Desai told The Center Square that the groundwork for the tariff exemptions was laid back in September and additional exemptions are not expected.

“The Trump administration is committed to pursuing a nimble, nuanced, and multi-faceted strategy on trade and tariffs,” he said. “President Trump’s tariffs are levelling the playing field for American workers and securing trillions in investments to make and hire in America, and Americans can rest assured that our America First trade strategy will continue to help restore American Greatness.”

Trump upended global trade earlier this year by imposing a 10% base tariffs on imports from every country, plus additional specific nation-specific rates.

A legal challenge to Trump’s authority to impose tariffs without Congressional approval remains pending before the Supreme Court. Justices appeared skeptical of the broad tariff authority Trump claimed during oral arguments in the case on Nov. 5.

A Congressional Budget Office report from August estimated tariffs could bring in $4 trillion over the next decade. That CBO report came with caveats and noted that tariffs will raise consumer prices and reduce the purchasing power of U.S. families.

Events

No events

Leave a Comment





Latest News Stories

Poll: Majority of Americans favor voter ID requirement, split on mail-in voting ban

Poll: Majority of Americans favor voter ID requirement, split on mail-in voting ban

By Thérèse BoudreauxThe Center Square President Donald Trump’s plans to “restore election integrity” and prevent voter fraud include banning mail-in voting and requiring that voters present identification at the polls....
Federal shutdown sidelines 34,000 workers in Colorado

Federal shutdown sidelines 34,000 workers in Colorado

By Elyse ApelThe Center Square As the federal government enters its fourth week of a shutdown, an estimated 34,000 Coloradans are currently on furlough from their federal jobs. That's according...
Cities sue Trump administration for tying funds to DEI

Cities sue Trump administration for tying funds to DEI

By Elyse ApelThe Center Square Denver has joined a coalition suing the Trump administration over funds it says have been "illegally" withheld. Joined on the lawsuit by other Democrat-run cities...
Op-Ed: Illinois becoming the lawsuit capital of America, and Springfield to blame

Op-Ed: Illinois becoming the lawsuit capital of America, and Springfield to blame

By Michelle SmithThe Center Square As someone who has spent decades building and rebuilding businesses in Illinois, I’ve grown accustomed to challenges that come with the territory: tight deadlines, rising...
Illinois treasurer promises to pass nonprofit legislation vetoed by Pritzker

Illinois treasurer promises to pass nonprofit legislation vetoed by Pritzker

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois State Treasurer Michael Frerichs says he will keep pushing nonprofit investment legislation that was vetoed by...

WATCH: Trump says he could attack drug cartels on land amid boat strikes

By Brett RowlandThe Center Square President Donald Trump said the U.S. military could soon go after drug smuggling on land and would consider taking the matter to Congress, but said...
SpaceX launches record-breaking Falcon 9 flight

SpaceX launches record-breaking Falcon 9 flight

By Dave MasonThe Center Square SpaceX broke its record Wednesday morning for its number of Falcon 9 launches in a single year. This year’s 133rd Falcon launch took off, with...
Hochul blames congressional Republicans for delay in fuel assistance funding

Hochul blames congressional Republicans for delay in fuel assistance funding

By Chris WadeThe Center Square New York Gov. Kathy Hochul wants Congress to release federal funding to support New York’s Home Energy Assistance Program, which has been delayed by the...
Tribal nations ask U.S. Supreme Court to return lawsuit to state court

Tribal nations ask U.S. Supreme Court to return lawsuit to state court

By Elyse ApelThe Center Square Ten Native American tribal nations are urging the U.S. Supreme Court to send a legal challenge to the Great Lakes Tunnel Project back to the...
Illinois House backs controversial ‘Equality for Every Family’ bill after Pritzker changes

Illinois House backs controversial ‘Equality for Every Family’ bill after Pritzker changes

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – The Illinois House concurs with Gov. J.B. Pritzker’s amendatory veto to the Equality for Every Family...
WATCH: Trump admin asks SCOTUS to lift Guard restraints; Pritzker opposes ‘head tax’

WATCH: Trump admin asks SCOTUS to lift Guard restraints; Pritzker opposes ‘head tax’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop reviews the latest...
Poll: Voters trust local governments more than feds to address crime, other issues

Poll: Voters trust local governments more than feds to address crime, other issues

By Andrew Rice | The Center SquareThe Center Square (The Center Square) – A majority of Americans say the federal government should not decide policing and crime policy in their...
Illinois quick hits: Secretary of State accuses ICE of plate swapping; Treasurer celebrates LGBTQ+

Illinois quick hits: Secretary of State accuses ICE of plate swapping; Treasurer celebrates LGBTQ+

By Jim Talamonti | The Center SquareThe Center Square Secretary of State accuses ICE of plate swapping Illinois Secretary of State Alexi Giannoulias says his office is investigating U.S. Customs...
Screenshot 2025-10-17 at 11.24.23 AM

Lincoln-Way to Purchase New Buses, Add Smaller Vehicles to Address Driver Shortage

LW210 Board of Education Meeting | October 16, 2025 Article Summary: Lincoln-Way District 210 plans to update its transportation fleet by purchasing 28 new gasoline-powered school buses, three activity buses,...

WATCH: Pritzker ‘absolutely, foursquare opposed’ to Chicago mayor’s head tax

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The governor of Illinois says he is against the Chicago mayor’s plan to impose a head tax...