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

Screenshot 2025-11-03 at 11.22.02 AM

New Lenox Board Gives Green Light to 30-Acre Solar Farm Proposal

Village of New Lenox Board of Trustees Meeting | August 2025 Article Summary: The New Lenox Village Board voted not to object to a Will County special use permit for...
Meeting Briefs

Meeting Summary and Briefs: New Lenox Community Park District for July 2025

New Lenox Community Park District Meeting | July 2025 The New Lenox Community Park District is experiencing a highly successful summer, with officials announcing a nearly 30% jump in June...
WCO Board Aug 21.4

After Initial Rejection and Tense Debate, Board Reconsiders and Approves Contested DuPage Township Business

Article Summary: In a rare reversal, the Will County Board approved a special use permit for a landscaping business in a residential area of DuPage Township after the measure initially...
Screenshot 2025-11-03 at 11.21.41 AM

New Lenox Approves New Tax on Groceries

Village of New Lenox Board of Trustees Meeting | August 2025 Article Summary: The New Lenox Village Board has officially adopted a new municipal grocery tax after the ordinance passed...
Trump-appointed judge blasts administration for campaign against judiciary

Trump-appointed judge blasts administration for campaign against judiciary

By Morgan SweeneyThe Center Square A federal judge dismissed a Justice Department lawsuit against all 15 federal district judges in Maryland Tuesday, emphasizing the extraordinary nature of the case and...
Report: Teachers' unions give millions to progressive causes

Report: Teachers’ unions give millions to progressive causes

By Esther WickhamThe Center Square The two largest U.S. teachers unions have donated over $40 million to progressive organizations and initiatives, a new report found. Since 2022, the American Federation...
Illinois quick hits: Record hotel tax revenues reported; grocer sentenced for SNAP, WIC fraud

Illinois quick hits: Record hotel tax revenues reported; grocer sentenced for SNAP, WIC fraud

By Jim Talamonti | The Center SquareThe Center Square Record hotel tax revenues reported Illinois tourism numbers for 2024 saw an all-time high for hotel tax revenue. The Illinois Department...
Trump goes on attack over digital services taxes, threatens tariffs

Trump goes on attack over digital services taxes, threatens tariffs

By Brett RowlandThe Center Square President Donald Trump broadly attacked other nations' plans for a digital services tax, which he said were designed to harm U.S. companies while giving others...
WATCH: Policy questions loom as Pritzker announces ag investment, tax credits

WATCH: Policy questions loom as Pritzker announces ag investment, tax credits

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says a new fertilizer production facility in Douglas County is a major win for...
Report: Claims that preserving coal plants will cost $6B based on unlikely assumptions

Report: Claims that preserving coal plants will cost $6B based on unlikely assumptions

By Tate MillerThe Center Square A new report released Tuesday by America’s Power challenges environmental organization-sponsored claims circulating that say the Trump administration’s decision to preserve coal power plants will...
Federal officials confirm case of New World screwworm

Federal officials confirm case of New World screwworm

By Brett RowlandThe Center Square Federal officials confirmed a human case of New World screwworm on Tuesday and said the government will be monitoring livestock in response to the threat....
Colorado committed to increasing housing supply

Colorado committed to increasing housing supply

By Elyse ApelThe Center Square Colorado remains committed to building more homes to address the ongoing housing crisis. Gov. Jared Polis, a Democrat, joined state legislators in making that commitment....
Stock market weathers Fed governor's attempted firing well

Stock market weathers Fed governor’s attempted firing well

By Morgan SweeneyThe Center Square Tuesday’s stock market remained little changed from Monday, despite President Donald Trump’s attempted termination of Federal Reserve Governor Lisa Cook on Monday evening. The major...
WATCH: Police officer, legislator: Seize opportunity to reform Illinois’ cashless bail

WATCH: Police officer, legislator: Seize opportunity to reform Illinois’ cashless bail

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois Republicans want to change the state's no-cash bail law. Democrats say cashless bail is working. President...
Trump proposes returning death penalty to D.C.

Trump proposes returning death penalty to D.C.

By Sarah Roderick-FitchThe Center Square Capital punishment could be returning to Washington, D.C., as President Donald Trump announced during a cabinet meeting on Tuesday. “Anybody murders in the capital? Capital...