On Saturday, President Donald Trump slammed some serious tariffs on Canada, Mexico, and China. Then, the Trump administration sent out a memo for immediate release on Sunday, with more details on the administration’s acts and intents:
- TARIFFS STRENGTHEN THE AMERICAN ECONOMY, RAISE WAGES, AND CREATE JOBS:
- According to a 2024 analysis of tariffs done by McKinsey & Company, “tariffs on imported goods could reduce competition for US producers, increase demand for US-made goods, and create jobs.”
- A 2024 study on the effects of President Trump’s tariffs in his first administration found that they “strengthened the U.S. economy,” and “led to significant reshoring” in industries like manufacturing and steel production.
- President Trump’s global tariffs on steel created over 4,000 new American jobs.
- An analysis from the Atlantic Council found that…
