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Some free trade commentators are skeptical that the tariffs are DOA when a D takes office

Posted on 8/4/25 at 2:21 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73014 posts
Posted on 8/4/25 at 2:21 pm
I think this is something that needs to be taken seriously. Whoever takes office in 2029 is going to be faced with large deficits and will need revenue sources to fund their main goals. Immediately axing the tariffs will be problematic for a WH in need of revenue


Posted by Suntiger
STG or BR or somewhere else
Member since Feb 2007
35448 posts
Posted on 8/4/25 at 4:53 pm to
I’m no expert, but from what I’ve seen, trade deals aren’t changed that often. Businesses and governments typically rely upon the consistency of trade policy.

Only way to get rid of these tariffs is to cut spending (politically unpopular to cut programs), raise taxes (politically unpopular), or continue running up the deficit.
Posted by frogtown
Member since Aug 2017
5628 posts
Posted on 8/4/25 at 5:16 pm to
Democrats love taxes. They will keep the tariffs in place if/when a D takes office.
Posted by member12
Bob's Country Bunker
Member since May 2008
33035 posts
Posted on 8/4/25 at 5:40 pm to
Biden didn’t immediately roll back what Trump did in his first term.

The bigger threat is if the next administration isn’t as proactive with hiking tariffs when our trade partners do the same. When they learn they can take advantage…they will.
This post was edited on 8/4/25 at 5:41 pm
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50754 posts
Posted on 8/4/25 at 6:19 pm to
quote:

trade deals aren’t changed that often.


To be fair these aren't trade deals, no signed agreements. These are considered temporary arrangements.

Unless Congress acts, then there is no deals.

These tariffs are effectively a sales tax... So going to be hard to takeaway. But right now they are being wielded for political purposes. Not sure where they end up
Posted by bigjoe1
Member since Jan 2024
1413 posts
Posted on 8/4/25 at 6:34 pm to
I saw that article yesterday and he's right. Once a tax is in place, it's there forever. The Dems will view the tariffs as a fund for worthless social programs.
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