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

Trump signs bill to release Epstein files

Trump signs bill to release Epstein files

By Brett RowlandThe Center Square President Donald Trump signed a bill late Wednesday to release federal files related to former financier and convicted sex offender Jeffrey Epstein. After fighting the...
WATCH: Dysolve AI offers approach to dyslexia in schools

WATCH: Dysolve AI offers approach to dyslexia in schools

By Esther WickhamThe Center Square While education leaders search for breakthroughs in special education, one AI platform, Dysolve, claims it has found part of the answer. Dysolve AI, created by...
Inventors back effort to tackle intellectual property thefts

Inventors back effort to tackle intellectual property thefts

By Chris WoodwardThe Center Square A five-time world champion jump roper, Molly Metz of Louisville, Colorado, created a jump rope in the early 2000s to help her go faster and...

WATCH: Dems leave hearing before minority group’s testimony on Biden border policies

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A member of a minority grassroots Chicago organization testified before the U.S. Senate Committee on the Judiciary...
Illinois quick hits: ICC approves smaller rate increases

Illinois quick hits: ICC approves smaller rate increases

By Jim Talamonti | The Center SquareThe Center Square ICC approves smaller rate increases The Illinois Commerce Commission has approved smaller utility rate hikes than the ones requested by Ameren...

WATCH: Ex-Illinois governor pushes for ‘millionaire’s surcharge’ amendment

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – The push continues to have voters if Illinois should be a 3% surcharge on millionaires. Former Illinois...
Lawmakers weigh replacing Obamacare tax credits with health savings accounts

Lawmakers weigh replacing Obamacare tax credits with health savings accounts

By Thérèse BoudreauxThe Center Square With millions of Americans’ health insurance premiums projected to rise in 2026, due partially to enhanced Obamacare subsidies expiring, Republicans are eyeing health savings accounts...
Feds: Guilty plea hearings scheduled for Antifa members indicted on terror charges

Feds: Guilty plea hearings scheduled for Antifa members indicted on terror charges

By Bethany BlankleyThe Center Square Several defendants who are among the first indicted on terrorism-related charges for their alleged connection to an Antifa attack on law enforcement officers are scheduled...
Lawyers call legal immigration crackdown harmful

Lawyers call legal immigration crackdown harmful

By Andrew RiceThe Center Square Immigration lawyers are concerned about recent proposals to eliminate work-based visa programs. On Nov. 13, U.S. Rep. Marjorie Taylor Greene, R-Ga., said she planned to...
WATCH: Illinois continues work to reduce state’s high SNAP error rate

WATCH: Illinois continues work to reduce state’s high SNAP error rate

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – State agency officials continue to address the error rate with Illinois’ handling of federal food subsidies. During...
Border Patrol agents arrest illegal CDL drivers in upstate New York

Border Patrol agents arrest illegal CDL drivers in upstate New York

By Bethany BlankleyThe Center Square Despite the sanctuary policies of New York, U.S. Immigration and Customs Enforcement and Border Patrol officers are cracking down on commercial truck drivers to ensure...
ACA premiums projected to rise 26% in 2026, far above U.S. inflation

ACA premiums projected to rise 26% in 2026, far above U.S. inflation

By Tom JoyceThe Center Square Affordable Care Act health insurance premiums are expected to rise about 26% in 2026, the biggest increase in eight years and much higher than overall...
Michigan law firm sued over alleged racial bias in diversity scholarships

Michigan law firm sued over alleged racial bias in diversity scholarships

By Elyse ApelThe Center Square Two groups have sued a Michigan law firm for operating scholarships they allege are “racially discriminatory.” Do No Harm, a national anti-DEI policy advocacy group,...

WATCH: Libertarian concerns persist as IL Sec of State announces IDs for Apple Wallet

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Digital IDs have gone live in Illinois, but libertarians say the move makes it easier for governments...
Screenshot 2025-11-19 at 9.29.37 AM

Will County Executive Committee Delays Vote on School Choice Referendum

Will County Board Executive Committee Meeting | November 13, 2025 Article Summary: The Will County Board’s Executive Committee on Thursday, November 13, 2025, postponed a decision on whether to place an...