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

Screenshot 2025-10-10 at 11.39.44 AM

Will County Committee Approves Preliminary $161.6M Tax Levy on Split Vote Amid Heated Debate Over Spending

Will County Finance Committee Meeting October 7, 2025 Article Summary: The Will County Finance Committee on Tuesday narrowly approved a preliminary $161.6 million property tax levy for 2025, which projects...
Screenshot 2025-10-10 at 11.36.42 AM

Will County Eyes Major Overhaul to Consolidate Scattered Government Offices

Will County Capital Improvements & IT Committee Meeting October 7, 2025 Article Summary: Will County officials are formally debating a new facilities master plan to address aging buildings and dozens...

Trump threatens tariffs on China over ‘hostile’ rare earths policy

By Brett RowlandThe Center Square President Donald Trump threatened a "massive increase" in tariffs on products from China after Beijing tightened export controls on rare earth minerals critical to advanced...
Illinois legislator urges school discipline to focus on behavior, not race

Illinois legislator urges school discipline to focus on behavior, not race

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – McLean County Unit 5 submits a new discipline plan under state law after racial disparities are...
WATCH: Trump appeals Guard TRO as DHS looks to ‘double down’ law enforcement in Chicago

WATCH: Trump appeals Guard TRO as DHS looks to ‘double down’ law enforcement in Chicago

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...
Illinois quick hits: Trump appeals judge's Guard order; ICE fence ordered down in Broadview

Illinois quick hits: Trump appeals judge’s Guard order; ICE fence ordered down in Broadview

By Jim Talamonti | The Center SquareThe Center Square Trump appeals judge's Guard order The Trump administration has appealed a federal judge’s temporary restraining order and preliminary injunction blocking the...
Trump administration appeals Illinois TRO blocking National Guard deployment

Trump administration appeals Illinois TRO blocking National Guard deployment

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Trump administration is appealing a federal judge’s temporary restraining order and preliminary injunction blocking the administration’s...
Screenshot 2025-10-10 at 11.20.27 AM

Sheriff’s Office Reports Crime Down 10%, Cites Body Cam Footage as Main Challenge of Safety Act

Will County Public Health & Safety Committee Meeting October 2, 2025 Article Summary: The Will County Sheriff's Office reported a nearly 10% overall drop in crime compared to the same...
Screenshot 2025-10-10 at 11.52.24 AM

Will County Considers Moving Land Use Public Hearings Away from Full Board Meetings

Will County Executive Committee Meeting October 9, 2025 Article Summary: A proposal to move the final public hearing for zoning and land use cases from the full Will County Board...
Israeli government approves Gaza ceasefire

Israeli government approves Gaza ceasefire

By Sarah Roderick-FitchThe Center Square The Israeli government has approved a ceasefire as part of the first phase of the peace plan with Hamas. The deal comes ahead of President...
Florida teens credited for averting school shooting plot in Washington state

Florida teens credited for averting school shooting plot in Washington state

By Carleen JohnsonThe Center Square Two teenage boys in Florida are being called heroes for their response to a five-second TikTok video last month that may well have averted disaster...
IRS reveals tax inflation adjustments for 2026

IRS reveals tax inflation adjustments for 2026

By Morgan SweeneyThe Center Square Americans can look forward to bigger standard deductions on their 2026 taxes and higher standard deductions on their 2025 taxes, thanks to inflation and the...
Spokane leaders mount one-of-a-kind effort to reaffirm treatment-first approach

Spokane leaders mount one-of-a-kind effort to reaffirm treatment-first approach

By Tim ClouserThe Center Square A coalition out of Spokane is preparing to collect signatures from leaders across the region to coordinate a countywide homelessness response without funding commitments attached....
GOP senators call for restrictions on generic abortion drugs

GOP senators call for restrictions on generic abortion drugs

By Brett RowlandThe Center Square Fifty-one U.S. Senators called on the U.S. Food and Drug Administration and the Department of Health and Human Services on Thursday for more restrictions on...
Federal judge grants Illinois restraining order against Trump for Guard deployment

Federal judge grants Illinois restraining order against Trump for Guard deployment

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A federal judge has granted the state of Illinois’ request for a temporary restraining order to prevent...