President Trump says he loves tariffs, but that love isn’t shared by Main Street or Wall Street. The Trump Administration’s on-again-off again tariffs are whipsawing American companies, distracting executives, collapsing confidence, and stunting economic growth. On Wednesday, the U.S. Federal Reserve predicted an uptick in core inflation, tied to “uncertainty around the economic outlook.”
The Fed’s language may be polite, but these tariffs are taxes on American businesses and consumers, inciting inflation when Americans can least afford it. We need lower interest rates to bring down prices for everything from laptops to laundry detergent, reduce interest payments on our out-of-control national debt, and entice the investment and construction needed for future innovation and growth.
