As markets brace for a second Trump administration, tariffs have re-emerged as the latest buzzword used to stoke fear and dissuade Americans from embracing his economic policies before they’ve even been implemented. However, what major media outlets fail to do is provide the public with the complete picture, inclusive of historical context, as to how tariffs can be effectively used to safeguard the United States’ status as the world’s leading economic and military superpower. This is a strategy Donald Trump clearly understands and prioritizes.
Tariffs are essential to national security because they strengthen America’s industrial base.
During his first term, President Trump’s focus on tariffs, arguing that they protect jobs, foster innovation, and address unfair trade practices, reignited a national debate about their effectiveness. While critics decry tariffs as protectionist, history shows that they have played a pivotal role in America’s rise and are indispensable for safeguarding its future. (READ MORE: Lessons From a Previous Trade War)
History of US Tariffs
The United States rose to economic superpower status during the Industrial Revolution by safeguarding domestic industries, promoting innovation, and leveraging its vast resources. Tariffs were central to this strategy, protecting American manufacturers from foreign competition and enabling emerging industries like steel and textiles to flourish. Through the 19th and early 20th centuries, tariffs drove industrial expansion and infrastructure development, creating the foundation for economic dominance and military strength.
By World War II, the manufacturing base created through decades of tariff-supported policies enabled the U.S. to become the “Arsenal of Democracy,” supplying critical military equipment not only for us, but for our allies as well. Tariffs ensured America could rely on our own production capacity during times of crisis, fostering economic self-reliance — a lesson that remains relevant today…
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Publish date : 2024-12-02 04:34:00
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