Changes

==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 restoring [[America]]n jobs lost due to massive [[trade deficit]]s.  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. [[producer]]s 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><ref>[[Ross Perot]] and [[Democrat]] [[House]] Leader [[Richard Gephardt]] made these same arguments in the 1990s.</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>  

U.S. President [[Donald Trump]] supports tariffs as a way of restoring [[America]]n jobs lost due to massive [[trade deficit]]s.  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><ref>[[Ross Perot]] and [[Democrat]] [[House]] Leader [[Richard Gephardt]] made these same arguments in the 1990s.</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]] tariffs 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>

Beginning in the [[First Trump Administration]] tariffs 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<ref>"intellectual property theft" refers to violations or failure to enforce international [[patent]] and [[copyright]] trade agreements.</ref> 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."

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<ref>"intellectual property theft" refers to violations or failure to enforce international [[patent]] and [[copyright]] trade agreements.</ref> from [[the West]]) have frustrated liberals and even [[mainstream conservative]]s, but even self-described [[classical liberal]] journalist Tim Pool has stated that his "liberal friends in Hong Kong support the tariffs."

Trump's trade advisors are mulling over the idea of implementing gradually increasing tariffs in order to avoid an inflation spike.<ref>[https://www.investors.com/news/trump-tariffs-advisers-mull-gradual-tariff-hikes-inflation-spike/ Trump Tariffs: Advisers Mull Gradual Hikes To Avoid Inflation Spike], Investors Business Daily</ref>  By implementing changes gradually, the Trump administration aims to avoid the market volatility that often accompanies sudden policy shifts. The gradual increase in tariffs is intended to give businesses time to adapt to the new trade environment, minimizing the potential negative impact on the economy. This approach has been described as "boiling the frog," where the changes are so gradual that they go almost unnoticed until they have fully taken effect.<ref>https://x.com/DrJStrategy/status/1879123573375180973</ref>

Trump's trade advisors are mulling over the idea of implementing gradually increasing tariffs in order to avoid an inflation spike.<ref>[https://www.investors.com/news/trump-tariffs-advisers-mull-gradual-tariff-hikes-inflation-spike/ Trump Tariffs: Advisers Mull Gradual Hikes To Avoid Inflation Spike], Investors Business Daily</ref>  By implementing changes gradually, the Trump administration aims to avoid the market volatility that often accompanies sudden policy shifts. The gradual increase in tariffs is intended to give businesses time to adapt to the new trade environment, minimizing the potential negative impact on the economy. This approach has been described as "boiling the frog," where the changes are so gradual that they go almost unnoticed until they have fully taken effect.<ref>https://x.com/DrJStrategy/status/1879123573375180973</ref>