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→Trump tariffs
==Trump tariffs==
==Trump tariffs==
[[File:Donald Trump official presidential photo.jpg|thumb|250px|right|"Tariff is the most beautiful word in the dictionary." - [[Donald Trump]]<ref>[https://www.theguardian.com/news/audio/2024/dec/16/the-most-beautiful-word-in-the-dictionary-donald-trumps-tariff-plan-podcast ‘The most beautiful word in the dictionary’: Donald Trump’s tariff plan – podcast]</ref>]]
[[File:Donald Trump official presidential photo.jpg|thumb|250px|right|"Tariff is the most beautiful word in the dictionary." - [[Donald Trump]]<ref>[https://www.theguardian.com/news/audio/2024/dec/16/the-most-beautiful-word-in-the-dictionary-donald-trumps-tariff-plan-podcast ‘The most beautiful word in the dictionary’: Donald Trump’s tariff plan – podcast]</ref>]]
U.S. President [[Donald Trump]] supports tariffs as a way of resorting [[America]]n jobs lost due to massive trade deficits. Critics of President [[Trump]]'s tariff proposals are often beneficiaries of products that incorporate items such as low-priced steel imports. Supporters of the President's tariffs believe protective tariffs are a way to protect U.S. producers and American workers.<ref>[https://www.natlawreview.com/article/two-things-missing-debates-us-china-fights Two Things Missing From Debates On US-China Fights]</ref> Trump has noted that the most successful vehicles in the auto industry are protected by high tariffs.<ref>Carney, John (November 28, 2018). [https://www.breitbart.com/economy/2018/11/28/chickentaxtrucks/ Trump Points Out the ‘Chicken Tax’ Has Protected America’s Best Vehicles for Decades]. ''Breitbart News''. Retrieved November 28, 2018.</ref> Trump's ongoing "trade war" with the [[People's Republic of China]] (his placement of tariffs on Chinese goods, which exist mostly as a result of intellectual property theft from [[the West]]) have frustrated liberals and even [[mainstream conservative]]s, but even '[[classical liberal]] journalist Tim Pool has stated that his "liberal friends in Hong Kong support the tariffs."
U.S. President [[Donald Trump]] supports tariffs as a way of resorting [[America]]n jobs lost due to massive trade deficits. Critics of President [[Trump]]'s tariff proposals are often beneficiaries of products that incorporate items such as low-priced steel imports. Supporters of the President's tariffs believe protective tariffs are a way to protect U.S. producers and American workers.<ref>[https://www.natlawreview.com/article/two-things-missing-debates-us-china-fights Two Things Missing From Debates On US-China Fights]</ref> Trump has noted that the most successful vehicles in the auto industry are protected by high tariffs.<ref>Carney, John (November 28, 2018). [https://www.breitbart.com/economy/2018/11/28/chickentaxtrucks/ Trump Points Out the ‘Chicken Tax’ Has Protected America’s Best Vehicles for Decades]. ''Breitbart News''. Retrieved November 28, 2018.</ref>
Beginning in the First Trump Administration [[tariff]]s on Chinese imports stemmed the [[capital]] outflow to China, sparked creation of manufacturing and service sector jobs in the U.S., and slowed the Chinese [[military]] build-up which previously was being funded by American [[consumer]]s.<ref>[https://www.americanthinker.com/articles/2018/06/trade_deficits_paying_for_china_military_buildup.html]</ref>
Trump's ongoing "trade war" with the [[People's Republic of China]] (his placement of tariffs on Chinese goods, which exist mostly as a result of intellectual property theft from [[the West]]) have frustrated liberals and even [[mainstream conservative]]s, but even '[[classical liberal]] journalist Tim Pool has stated that his "liberal friends in Hong Kong support the tariffs."
==Tariffs in history==
==Tariffs in history==