Trump's tariffs are working
It's almost like a policy designed to bring about X is making X happen
Can you believe that tariffs imposed on the importation of foreign steel and aluminum are forcing some American companies to purchase those metals here instead of from suppliers based abroad? I mean, good gracious. It's almost like a policy designed to bring about X is making X happen.
In other words, President Trump's steel tariffs are working. (They are not, however, helping to pay down our federal deficit as an added bonus, despite his bizarre claims to the contrary.)
This is something that you would probably not take away from the media coverage of the administration's trade policy, which has focused instead on groan-inducing connect-the-dots pseudo-muckracking and the supposed woes of millionaire corporate farmers who are used to getting cheap equipment in addition to their subsidies and other annual bribes from American taxpayers. Thanks to retaliatory tariffs on pork imposed by China, some pig farming mavens in this country say they will be cutting back production. This is not because their business is becoming unprofitable, only slightly less lucrative. Incredibly wealthy hog tycoons might reduce slightly less of our green and pleasant land to seas of fetid pink post-organic liquid poop that can be seen from space. Isn't this something we should all be happy about?
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
My response to all these stories about poor Harley-Davidson and the rest is "So what?" The fact that not everyone stands to gain from a given policy is not in itself an argument against it. Costs and benefits must always be weighed. This a lesson that surely ought to have been learned by defenders of the Affordable Care Act, who shrugged when it did not turn out to be the case that plans and other coverage options such as the choice of doctors or facilities remained untouched or that costs fell or stayed the same — in fact, they have increased precipitously. If, like me, you agree that at least some aspects of the legislation, such as the guaranteed provisions made for such pre-existing "conditions" as fertility and the expansion of Medicaid, justified its passage, you were right to shrug. The same cost-benefit analysis ought to be applied to Trump's tariffs. Besides, our whining farmers are getting a bailout anyway — and every American corporation just got a huge tax cut. Stop carrying water for these people.
For mostly cynical reasons — it's the opposite of what Trump says, ergo, it's bad — support for free trade has suddenly become a dogma. Since when was this prudential question, one that has traditionally divided the Democratic and Republican parties alike, an article of faith for all right-thinking persons? Why are the concerns of everyone from environmental and labor activists at home and abroad to progressive economists to Pat Buchanan to a certain Democratic presidential candidate in 2008 beneath notice?
The debate over Trump's attempts to rebalance American trade relations with East Asia, Europe, and our North American neighbors and to revive vital national industries, such as steel and aluminum, has been one-sided. Why can't we have an argument about free trade on the merits? If you think that globalized capitalism has been a boon for everyone, and not just the obvious winners, make that case. Ditto if you seriously think that it is not important to the security of this country and her allies that we have an armaments industry that does not depend upon foreign steel. Isn't combining tariffs with domestic subsidies as Trump has done industrial policy 101? It is possible that the United States currently produces too much of one or more heavily subsidized agricultural commodities and that shoring up another industry instead could be more valuable even if hurts the bottom lines of some farmers?
Pretending that these are all settled questions and devoting an infinite amount of space to the short-time grievances of self-interested parties who are used to being pandered to in a hundred different ways is a cheap, dishonest tactic, worthy of propagandists.
You might not like the game Trump is playing. But that doesn't mean he isn't winning.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Matthew Walther is a national correspondent at The Week. His work has also appeared in First Things, The Spectator of London, The Catholic Herald, National Review, and other publications. He is currently writing a biography of the Rev. Montague Summers. He is also a Robert Novak Journalism Fellow.
-
Trump, billions richer, is selling Bibles
Speed Read The former president is hawking a $60 "God Bless the USA Bible"
By Peter Weber, The Week US Published
-
The debate about Biden's age and mental fitness
In Depth Some critics argue Biden is too old to run again. Does the argument have merit?
By Grayson Quay Published
-
How would a second Trump presidency affect Britain?
Today's Big Question Re-election of Republican frontrunner could threaten UK security, warns former head of secret service
By Harriet Marsden, The Week UK Published
-
'Rwanda plan is less a deterrent and more a bluff'
Instant Opinion Opinion, comment and editorials of the day
By The Week UK Published
-
Henry Kissinger dies aged 100: a complicated legacy?
Talking Point Top US diplomat and Nobel Peace Prize winner remembered as both foreign policy genius and war criminal
By Harriet Marsden, The Week UK Last updated
-
Trump’s rhetoric: a shift to 'straight-up Nazi talk'
Why everyone's talking about Would-be president's sinister language is backed by an incendiary policy agenda, say commentators
By The Week UK Published
-
More covfefe: is the world ready for a second Donald Trump presidency?
Today's Big Question Republican's re-election would be a 'nightmare' scenario for Europe, Ukraine and the West
By Sorcha Bradley, The Week UK Published
-
Xi-Biden meeting: what's in it for both leaders?
Today's Big Question Two superpowers seek to stabilise relations amid global turmoil but core issues of security, trade and Taiwan remain
By Harriet Marsden, The Week UK Published