, Columnist
Want Bananas, Coffee, Chocolate? Hello, Import Tax!
Trump’s tariffs won’t reverse the US farming deficit, but food inflation will rise and American farmers will suffer.
Pay up.
Source: Bloomberg
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In announcing his sweeping tariffs, US President Donald Trump not only justified them by saying they’d protect manufacturing jobs, he also said they would benefit the country’s farmers. What a load of nonsense: Trump is about to make food in every American kitchen more expensive.
First, Trump’s justification on Wednesday: “Just as a nation that does not produce manufactured products cannot maintain the industrial base it needs for national security, neither can a nation long survive if it cannot produce its own food.”