Donald Trump's tariffs are provoking severe economic repercussions, including rising consumer prices and detrimental impacts on small businesses and farmers. Influential pundits argue against trade tools, equating them with Trump's tariffs, thereby attempting to influence Democratic party dynamics. This reflects a longer intra-party struggle over trade, especially post-2008 financial crisis. Despite public backlash against tariffs, these pundits focus on political gains over genuine policy analysis, potentially misguiding the future direction of trade and industrial policy in the Democratic Party.
"Trumpâs tariffs will spike consumer prices, hurt small businesses, bankrupt farmers, and have long-lasting extremely damaging macro effects, akin to the scope of the Covid-19 pandemic."
"Influential pundits are using Trumpâs moment to dismiss key trade tools entirely, confusing his dangerous tariffs with future-focused trade agendas and policies for American industries."
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