Permanent tariffs are bad for the economy, but businesses can, for the most part, find a way to live with them. What business can’t deal with is a regime under which trade policy reflects the whims of a mad king.
Small tariffs create small problems. Big tariffs create huge ones. This round of tariffs may be 50 times as painful as the ones Donald Trump instituted in his first term. That means they are going to reshape your life in much more fundamental ways.
Supposedly, this is all going to revive domestic manufacturing. But the evidence for that is slim, and it wouldn’t happen overnight—especially not without other policies. At a basic level, tariffs make stuff more expensive.
Take the “One Thousand Photos — One Thousand Shares” pledge at ActionNetwork.org, share it widely, and support the union activists leading the fight to transform garment supply chains.
Donald Trump has championed tariffs as a way to revive American manufacturing. But without a real industrial strategy, Catalyst editor Vivek Chibber argues, they’re little more than a handout to capital.
Adam D.K. King interviews Sam Gindin
Socialist Project
The immediate task is to address delinking from the United States and the American Empire. This is not about aiming for a nationalist form of sovereignty but one based on collectively and democratically determining what kind of society we want.
Spread the word