Vice President JD Vance has publicly supported President Trump's sweeping new tariffs, a sharp departure from his previous criticisms of such policies. Historically, Vance argued against hyper-protectionism, emphasizing that automation and technology were the primary factors affecting U.S. manufacturing jobs. His recent alignment with Trump's tariffs—a 10% across-the-board import tax and higher rates on automobiles—has been met with criticism, even from within his party. Economists warn that such tariffs could lead to market instability and unnecessary economic harm, underlining the complexities and potential consequences of protectionist policies.
So many of these jobs that have disappeared from these areas just aren't coming back. They haven't disappeared so much from globalization or from shipping them overseas, Vance said in a January 2017 interview.
Tariffs may have short-term benefits but ultimately create economic harm; many economists agree such trade restrictions lead to market instability, affecting consumers and businesses alike.
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