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

Assessor

Assessor’s Office Hires Staff to Handle Workload After 6% Multiplier Hits Property Owners

ARTICLE SUMMARY: Following the application of a 6% property assessment multiplier across Green Garden Township, the assessor's office has hired a new staff member to help manage the increased workload and...
SSUCv3H4sIAAAAAAAACnSRz07DMAzG70i8Q5XzKpY10I0jB248wcTBdcwaLUum/AGhae9O0rQjB7jFP9uf/cWX+7umYQN4hey5ueQoxUrr6IODoKxJeL2auSMjydWEpArWKdA1HCDgaOBECZqodcbXKcl8gBA9+TxsRgiBDkmjwJtE2Whf4mZJTMnUkVKMrSrm4zCxBRXxfzpfoleGvH94VQYM0l9Kb8ojaQ2GbPS/suXxvliFAxn8ntxULh1pguJyX0rZ8SuQO9W+IUplK8ufFkHngq5SOjuFyhyqNhvG6QRLG9pogssr3D6EaWvPMOj8/x9JkxY+gvepXC68GoTp4PZUzTE2TAZmVSbTmXLIu023E6Lre7HlohNPYi4opx1V0pnWWYRSjEcla+sqb8AIibbYb1qOXLZih7wdeNe3m+6Ry4H3fECRPv76AwAA//8DAJrJGBCkAgAA

Township Appoints Temporary FOIA Officer During Trustee’s Leave of Absence

ARTICLE SUMMARY: The Green Garden Township Board appointed resident Belinda Olszewski as a temporary, non-paid Administrative Assistant and FOIA Officer to fill the roles while Trustee Sarah Boxer is on a...
Meeting-Briefs

Meeting Summary and Briefs: Green Garden Township Board for August 11, 2025

The Green Garden Township Board pushed forward with plans for a new town hall and approved key budget transfers to support the assessor's office during its August 11th meeting. Supervisor...
WATCH: Illinois In Focus Daily | Tuesday Aug. 12th, 2025

WATCH: Illinois In Focus Daily | Tuesday Aug. 12th, 2025

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 delves into the...
Governor to evaluate tax proposal for Bears stadium in Arlington Heights

Governor to evaluate tax proposal for Bears stadium in Arlington Heights

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker is not ruling out tax legislation to help the Chicago Bears move forward with...
Illinois quick hits: Report shows rate of businesses leaving state

Illinois quick hits: Report shows rate of businesses leaving state

By The Center SquareThe Center Square Report shows rate of businesses leaving state Illinois businesses are moving to other states at triple the rate they did before the pandemic, according...
Report: New York No. 2 in nation for inbound tobacco smuggling

Report: New York No. 2 in nation for inbound tobacco smuggling

By Chris WadeThe Center Square New York remains one of the top states for inbound tobacco smuggling, according to a new report, which attributes the robust underground market to the...
Trump delays China tariffs by 90 days

Trump delays China tariffs by 90 days

By Andrew RiceThe Center Square The deadline to enact further reciprocal tariffs against China will be extended by 90 days, President Donald Trump announced Monday night. “[China] continues to take...
Kennedy visits Atlanta's CDC

Kennedy visits Atlanta’s CDC

By Kim JarrettThe Center Square U.S. Health and Human Services Secretary Robert F. Kennedy Jr. visited Atlanta's Centers for Disease Control and Prevention days after a police officer died in...
DCFS denies claim that agency uses uncertified interns to investigate families

DCFS denies claim that agency uses uncertified interns to investigate families

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A state lawmaker says he has documentation to show that the Illinois Department of Children and Family...
Trump declares 'Liberation Day' in D.C., calls in National Guard

Trump declares ‘Liberation Day’ in D.C., calls in National Guard

By Sarah Roderick-FitchThe Center Square “Liberation Day” arrived Monday in Washington, D.C., as declared by President Donald Trump. The president declared a crime emergency in the district and said the...
Illinois quick hits: State-based health insurance marketplace approved

Illinois quick hits: State-based health insurance marketplace approved

By The Center SquareThe Center Square State-based health insurance marketplace approved Beginning Nov. 1, Get Covered Illinois will officially become Illinois’ health insurance marketplace. The U.S. Centers for Medicare and...
Judge denies Trump DOJ request to unseal Ghislaine Maxwell grand jury records

Judge denies Trump DOJ request to unseal Ghislaine Maxwell grand jury records

By Thérèse BoudreauxThe Center Square The Trump administration is facing another setback in attempting to curb backlash over its chameleonic handling of the Jeffrey Epstein investigation, with another federal judge...
FAA partners with college to train next generation air traffic controllers

FAA partners with college to train next generation air traffic controllers

By Ashley Olds |The Center Square To expand specialized training under the Enhanced Air Traffic-Collegiate Training Initiative, the U.S. Department of Transportation Secretary Sean Duffy announced on Monday that the...
Judge denies Madigan’s motion to remain free pending appeal

Judge denies Madigan’s motion to remain free pending appeal

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – U.S. District Court Judge John Robert Blakey has denied former Illinois House Speaker Michael Madigan’s request to...