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-2025-08-13-at-2.15.28-PM

Monee to Receive $250,000 Donation in Solar Project Agreement

Article Summary: The Village of Monee will receive a $250,000 donation from TPE IL W1202, LLC, after the Village Board authorized a community benefit agreement for a planned 5-megawatt solar...
new-lenox-park-district.6

New Lenox Park District Board Approves 2025-2026 Budget

NEW LENOX – The New Lenox Community Park District Board of Commissioners unanimously approved the budget and appropriation ordinance for the 2025-2026 fiscal year during its regular meeting on June...
New-Lenox-School-122.6

Staffing Shortage Leads D122 to Renew Contract for School Psychologist

Facing a persistent staffing shortage for a critical role, the New Lenox School District 122 Board of Education has renewed its contract with an outside agency to provide a school...
Meeting-Briefs

Meeting Summary: New Lenox Township for June 12, 2025

At its June 12 meeting, the New Lenox Township Board of Trustees heard reports on rising demand for community services, discussed ongoing maintenance projects, and assigned responsibilities to its newly...
New-Lenox-Village-Board.4

New Lenox Approves Major Residential Subdivision, Paves Way for Route 6 Commercial Growth

NEW LENOX – The Village Board took decisive action on two major developments Monday, giving final approval to a 55-lot residential subdivision for "empty nesters" and clearing a key hurdle...
New-Lenox-Sharons-Bay-Park

Contractor Selected for Sharon’s Bay Park Redevelopment

NEW LENOX – The New Lenox Community Park District is moving forward with plans to redevelop Sharon's Bay Park, having approved a contractor for the project at its Wednesday meeting....
New-Lenox-Sharons-Bay-Park

Contractor Selected for Sharon’s Bay Park Redevelopment

NEW LENOX – The New Lenox Community Park District is moving forward with plans to redevelop Sharon's Bay Park, having approved a contractor for the project at its Wednesday meeting....
New-Lenox-School-122.5

Handbook Changes at D122 Include Swapping PSAT for PreACT

Students in New Lenox School District 122 will see several changes in the upcoming school year, as the Board of Education approved updates to the 2025-2026 Parent/Student Handbook that affect...
New-Lenox-Police.3

New Dining Options Coming as Village Approves Hot Dog Stand, Restaurant Patio

NEW LENOX – The local dining scene is set for a boost after the Village Board on Monday approved plans for a new hot dog stand and an outdoor patio...
Meeting-Briefs

Meeting Summary: New Lenox Park District for June 18, 2025

The New Lenox Community Park District Board of Commissioners met on June 18, 2025, to approve its annual budget, advance key park projects, and hear updates on a wide range...
Screenshot-2025-08-13-at-2.11.44-PM

Monee Board Sets Spending Plan with 2025-2026 Appropriations Ordinance

Article Summary: The Monee Village Board has approved its annual appropriations ordinance, which acts as the village's legal spending authority for the fiscal year that began May 1, 2025. The...
New-Lenox-School-122.3

New Lenox School District 122 Honors State Track and Field Athletes

New Lenox School District 122 took time during its June 17 board meeting to celebrate the outstanding achievements of its junior high athletes at the 2025 IESA State Track and...

Fiber Optic Internet Competition Coming to New Lenox

NEW LENOX – Residents may soon have a new choice for high-speed internet, as Champaign-based Pavlov Media announced its intention to build out a fiber optic network across the village....
Screenshot-2025-08-13-at-2.15.28-PM

Monee Officials Issue Pool Safety Alert Amid Summer Heat

Article Summary: Following an increase in new pool installations, Monee's Building Services department is reminding residents of mandatory permit and safety requirements. Officials are emphasizing life-safety measures to prevent drownings,...
New-Lenox-Village-Board

Village Board Approves Millions in Spending on Roads, Parks, and Museum

NEW LENOX – The New Lenox Village Board authorized millions of dollars in spending on Monday for its annual road program and for continued investment in its newest community amenities,...