Tag: trump tariffs
Why America Is On Its Own: Slavery, Tariffs And Trump's Dire Strait

Why America Is On Its Own: Slavery, Tariffs And Trump's Dire Strait

Donald Trump is now pleading with other countries to rescue his war on Iran by helping to open the Strait of Hormuz — although Trump being Trump, his pleas for assistance take the form of threats. Regardless, help is not on the way. Germany, Australia and Japan have flatly said no, while Britain and France have been slightly equivocal but at most hinted at willingness to supply forces after the fighting stops.

Why this effectively unanmous rejection? A large part of the answer is that other countries couldn’t secure the Strait even if they wanted to. Boris Pistorius, Germany’s defense minister, was outright caustic in remarks Monday:

What does (...) Donald Trump expect a handful or two handfuls of European frigates to do in the Strait of Hormuz that the powerful U.S. Navy cannot do?

Beyond that, who wants to take risks in support of a U.S. government that nobody trusts, a government that neither shows gratitude for aid nor punishes those who do America harm?

Indeed, even as Trump begs in his graceless way for help, his administration is preparing to hit the very nations he is appealing to with another round of tariffs — tariffs that will be imposed based on an obviously false, bad faith, totally insulting argument.

As most readers probably know, almost a year ago Trump imposed tariffs on almost every other nation, including islands inhabited only by penguins, by invoking the International Emergency Economic Powers Act. This use of IEEPA was blatantly illegal, and after dragging its heels for many months, the Supreme Court finally agreed with lower courts that the tariffs were, in fact, illegal.

One important point that isn’t emphasized enough is that in addition to being illegal under U.S. law, the IEEPA tariffs were a gross breach of contract. Most U.S. tariff rates were set in 1995, as part of the negotiations that among other things created the World Trade Organization. These tariffs were “bound” by international agreements, which have almost as much force as treaties. But the U.S. just ripped those agreements up, without even trying to make a case for its actions.

Now the IEEPA tariffs are gone, but Trump isn’t giving up. On Sunday night he posted a long, falsehood-filled rant about the Court, beginning with a condemnation of its tariff ruling. And while he can’t simply defy Supreme Court rulings — not yet, anyway — his officials have been scrambling for legal strategies to reimpose high tariffs.

And the main one they’ve come up with is a doozy. Under U.S. law the executive branch has the authority to impose tariffs without new legislation in certain specified circumstances. These include Section 232 tariffs to protect national security, the (spurious) basis for most of the tariffs that survived the Supreme Court’s ruling. (I’m ignoring the Section 122 tariffs currently in place to deal with a nonexistent balance of payments crisis, not because they’re legal — they clearly aren’t — but because they will expire this summer.)

Looking forward, however, Trump officials are planning to impose another major round of tariffs using Section 301, designed to cope with unfair foreign trading practices. In particular, they’re proposing tariffs on 60 (!) countries, including Canada, the UK and the European Union, that they accuse of violating rules against international trade in goods produced with forced labor.

Wait — is the administration accusing Canada and Europe of using slave labor to produce their exports? No, they’re saying that these countries’ governments are guilty of “failure to impose and effectively enforce a ban on the importation of goods produced with forced labor,” and that these failures “burden or restrict U.S. commerce.” In other words, they’re going to slap tariffs on Canada, not because they claim that Canada uses slave labor, but because China does, and they claim that Canada is hurting America because it isn’t doing enough to stop those slave-produced goods from entering its own market.

Nobody, and I mean nobody, believes this story. Nobody believes that Canada or Europe are worse at policing global slave labor than the U.S. is. In fact, nobody believes that the Trump administration even cares about slave labor. After all, the alleged concerns that are about to be used to raise tariffs were nowhere to be found until the Court ruled against IEEPA.

So this is nothing but an excuse for another attempted end-run around the law — an end-run that is also a massive insult to other democratic nations, the same nations Trump is pleading with for help in undoing the disaster he has created in the Persian Gulf.

The point is that it’s all of a piece. The current U.S. government has, as Trump would say, treated our erstwhile allies very, very badly in multiple ways, with the arbitrary, illegal imposition of tariffs the most consequential. And now those erstwhile allies have no inclination to help Trump out of the Iran trap he created for himself. Funny how that works.

Paul Krugman is a Nobel Prize-winning economist and former professor at MIT and Princeton who now teaches at the City University of New York's Graduate Center. From 2000 to 2024, he wrote a column for The New York Times. Please consider subscribing to his Substack.

Reprinted with permission from Paul Krugman.

US Economy Has Lost Jobs Since 'Liberation Day,' But Fox Still Hypes Tariffs

US Economy Has Lost Jobs Since 'Liberation Day,' But Fox Still Hypes Tariffs

Fox’s increasingly desperate efforts to spin the disastrous economic impacts of President Donald Trump’s policies were on full display as the network discussed the latest monthly jobs report.

The February jobs report released today by the Bureau of Labor Statistics showed a loss of 92,000 jobs in February, as well as significant downward revisions of 4,000 jobs for January and 65,000 jobs for December 2025 — bringing December’s total down to a net loss of 17,000 jobs.

As University of Michigan economist Justin Wolfers pointed out, this means that the U.S. economy has fewer jobs today than it did in April 2025, when President Donald Trump announced his “Liberation Day” tariffs, which the Supreme Court recently ruled were illegal taxes. In total, the U.S. has 19,000 fewer jobs today than it did last April.

Economic Policy Institute senior economist Elise Gould noted that manufacturing employment has declined by 100,000 jobs since Trump took office, despite his repeated campaign promises to revitalize the American manufacturing sector, with those job losses accelerating since Trump promised last April that “jobs and factories will come roaring back into our country.” Economic writer Joey Politano, meanwhile, displayed a graph showing 238,000 blue-collar job losses over the past year—employment sectors that Trump’s policies were purportedly intended to buoy.

EPI President Heidi Shierholz summed it up as: “A SNAPSHOT OF TRUMP'S ECONOMY—judged by his own goals: manufacturing jobs are down 100,000 since Trump took office, private-sector job growth is the weakest we’ve seen outside a recession in more than 20 years, and the unemployment rate for U.S.-born workers has increased.” Shierholz’s last point refers to an obsession among the MAGA right about native-born employment that they consistently mislead about.

Yet according to Fox Business anchor Maria Bartiromo, things have been great since April.

During her coverage of today’s jobs report, Bartiromo said: “If you bought stocks on April 2 of last year, on so-called ‘Liberation Day’ about the tariffs, you are up huge. When you look at some of those tech names, you have made a lot of money.”

Fox Business anchor Cheryl Casone then deflected from the disastrous February jobs report (-92,000 jobs) as well as the huge negative revision for December (revised down to -17,000 jobs) by hyping the so-called “blockbuster” January jobs report, which was itself also revised down slightly to a still-preliminary +126,000 jobs. Casone then attempted to pivot to a different jobs report released earlier this week by the private payroll firm ADP, which she claimed shows “private sector hiring is still strong.” That report beat weak expectations, but still showed private job growth of only 63,000 in February and contained negative revisions for January.

Ever since Trump announced his sweeping tariffs last April — even though they were illegal and have since been replaced by new global tariffs that are, unsurprisingly, also being challenged as illegal — Fox has been at the forefront in cheering on these higher taxes on American families.

Fox hosts have defended the chaos the tariffs initially unleashed in the stock market, and even as manufacturing employment has declined, Fox has continued to pretend that Trump’s tariffs are essential to restoring that sector.

Reprinted with permission from Media Matters

So Much Time, So Little Truth: Trump's Longest-Ever, Utterly Hollow Speech

So Much Time, So Little Truth: Trump's Longest-Ever, Utterly Hollow Speech

Well, that was exhausting — or would have been, if I had watched it. But I am not a masochist. I waited to read the transcript.

Trump’s State of the Union was historic in at least one respect: It was the longest SOTU ever. Was the plan to turn public opinion around by boring America into submission?

The address may also have been historic in another way, although it would be hard to quantify. Did any previous SOTU contain so many lies?

For the most part they weren’t Big Lies, lies that are persuasive because people can’t believe that anyone “could have the impudence to distort the truth so infamously”. They were, instead, small lies that added up to a false — and completely unpersuasive — portrayal of where we are.

On economics, Trump has catastrophic ratings even though the economy isn’t a catastrophe. Things aren’t great, but by most metrics they are about the same or a little bit worse than they were when he took office:

The last measure, the labor market differential, is the spread between people saying that jobs are “plentiful” versus “hard to get,” which has deteriorated substantially.

Why are people so negative when the economy isn’t that bad by conventional measures? Affordability, especially with regard to housing and health care, is a real problem, not fully captured by standard measures. And it’s a problem Trump didn’t address at all — instead, he’s doubling down on his massively unpopular tariffs, which make the problem worse.

Also, there are two big disconnects. First is the gap between what Trump promised — he was going to bring grocery prices down, cut energy prices in half — and what he has actually delivered. Second is the gap between his wild boasts about how great things are and the reality of a K-shaped economy that is leaving many Americans behind.

One other lie that struck me, although it may not matter much to voters, was Trump’s insistence that the world admires what he’s doing: “America is respected again, perhaps like never before.”

Trump’s desire for external validation is, frankly, pathetic. And the truth is that we are despised like never before. You can see this in surveys:

Source: Pew Survey

And foreign leaders have completely lost faith in America: We’ve become a country whose word can’t be trusted, a country that betrays its allies:

Source: Kiel Institute

It’s true that in some ways the world fears us in a way it didn’t before — in the same way that one steps carefully around a belligerent drunk in a bar. But we haven’t been this weak on the world stage since before World War II.

Anyway, that speech won’t pull Trump out of his downward spiral. Time to attack Iran?

Paul Krugman is a Nobel Prize-winning economist and former professor at MIT and Princeton who now teaches at the City University of New York's Graduate Center. From 2000 to 2024, he wrote a column for The New York Times. Please consider subscribing to his Substack.

Reprinted with permission from Paul Krugman.


Gaslight: Was This Trump's Most Unhinged State Of The Union Ever?

Gaslight: Was This Trump's Most Unhinged State Of The Union Ever?

President Donald Trump delivered an unhinged, lie-filled, racist, and disturbingly dark State of the Union address Tuesday where he gaslit Americans about his accomplishments yet ultimately did nothing to change his abysmal standing in approval polls.

In fact, he spent just a few minutes talking about the economy—the most important issue to voters as midterm elections approach—and instead spent the rest of the never-ending speech talking about murders and blood and other depressing things that likely had average viewers wondering what on earth he was blathering about.

Worse for Trump and Republicans is that when he did talk about the economy, he only boasted about how great it’s doing, saying it is “roaring like never before.” Yet he did not offer any plans for how he would bring costs down and help Americans afford their rising cost of living, which is what Americans want to hear.

For example, he boasted that "100 percent of the jobs created under my administration have been in the private sector." Yeah, all 181,000 of them—the lowest annual job creation number in decades?

He crowed that the Dow Jones Industrial Average hit 50,000 under his tenure, even though the market is now 800 points below that. And the stock market in the United States is actually faring worse than other countries’ markets.

Americans don’t believe Trump’s economy is great, no matter how many times he declares it to be true. In fact, CBS News released a poll before the speech that found 60 percent of Americans say that Trump makes things seem “better than they really are.”

Aside from rambling like a buffoon and being a raging asshole—reminding a national audience why they dislike him so much—Trump bragged about other head-scratching things that are unlikely to help boost his popularity.

He gloated about having “lifted 2.4 million Americans—a record—off of food stamps." Again, that’s not because he helped people but because he cut the program and stripped food aid from millions.

He waxed poetic about his illegal and destructive tariffs, saying they are “saving our country.” Of course, the tariffs are hurting the economy and Americans hate them, so highlighting this policy is again idiotic.

And he even spoke about how he is working to fix health care—one of his worst policy issues—even though he has absolutely no plan, slashed Medicaid, and let Affordable Care Act tax credits expire, raising insurance premiums for millions of Americans.

In fact, Trump slammed Democrats for not voting for the “One Big Beautiful Bill”—which slashed health care for the poorest Americans in order to pay for tax cuts for the rich. Rather than cower, Democrats stood and clapped, proud of themselves for not voting for that unpopular legislation.

Trump’s speech coincided with his approval rating hitting second-term lows—rivaled only by the dismal approval ratings he notched after he incited a violent and deadly insurrection at the U.S. Capitol on January 6, 2021.

A spate of polls released before Trump’s address found a host of bad news for Trump, including that his approval with independents is at just 26 percent, that Americans disapprove of his performance on every major issue, and that his approval has fallen even among Republicans who he needs to turn out for midterm elections in November.

The nonsense he spewed in Tuesday’s speech—the longest on record—is unlikely to change that.

While we all just suffered through that absolute buffoonery, here’s a final reminder: This utterly embarrassing display won’t matter when it comes to the November midterms. Feelings about Trump are baked in, and nothing he said in that speech will change the minds of Americans.

Reprinted with permission from Daily Kos


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