Generally, lower tariffs and taxes better, and we should trade freely with every nation and people on this planet. That being said, the President is right when he argues that while we might believe and embrace free trade, what we have now is “unfair” trade. For years, we have allowed our trade partners to get the better of our trade deals because our economy was far healthier and we were able to deal generously with others. Sadly, over the last decade, our economy has not been as healthy and our “unfair” trade deals are working to slow our economic recovery.
So, while I may not agree with raising tariffs in general, the President may be right about the need to raise certain tariffs in order to balance our trade inequities.
In fact, his first such action has worked in our favor.
Just last week he raised the tariff on