Acton Institute Powerblog Archives

Post Tagged 'Trump tariffs'

America’s New ‘Reshoring’ Policy: A Warning from Hungary

When Donald Trump campaigned on the grand promise to bring blue-collar manufacturing jobs back to the United States, I knew I had seen and heard this before. As a former Hungarian Member of Parliament from a small town, mainly boasting factories with assembly lines that serve car manufacturers, I had seen how this brand of campaign rhetoric serves only a short-term political interest but does not serve the country’s future. Continue Reading...

The Tattered History of Tariffs

Much like bell-bottom jeans, tariffs are making a comeback. President Trump imposed tariffs on about $380 billion in products in his first term. The Biden administration kept most of those tariffs, then expanded them for China-made goods, including computer chips, steel, and aluminum—and quadrupled tariffs, from 25% to 100%, on electric vehicles(EVs). Continue Reading...