The President has decided that in order to make ground beef cheaper, he will cut tariffs on ground beef. And I'm wondering if he could generalize from this one product to other products, and perhaps concede that tariffs raise prices on American consumers.
This morning Trump proudly announced a deal to lower beef prices by reducing quotas and tariffs on imported beef. But that's also an admission that tariffs increased prices paid by American consumers. If removing tariffs lowers prices, then imposing them must have raised prices.
One of the worst things about Trump is that he’s ushering in more corporate welfare, cronyism, and socialism while parading it under the banner of capitalism, so we end up with all the failings of those ideologies but with a generation of young people blaming the market economy.
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The House will pass a $12 billion bailout for farmers suffering from high fuel & fertilizer prices caused by the Iran War, expensive equipment & parts caused by tariffs, and lower sales prices for commodities due to trade disputes with China.
But the GOP is fighting communism!
Trump claimed his tariffs would bring about a golden age of American manufacturing.
Yet since his re-election, we've lost 75,000 manufacturing jobs. Over the same period, Biden had created 625,000.
BREAKING: Look at this.
The day before Trump paused tariffs, triggering a historic 10% market rally, his accounts purchased 327 stocks worth up to $12.8 million.
The trades were disclosed more than a year late, resulting in a $200 penalty.
Unusual.
In defense of our Republic, the Supreme Court struck down using emergency powers to enact taxes.
This ruling will also prevent a future President such as AOC from using emergency powers to enact socialism.
Ken Griffin: 'Unfortunately, the most recent research indicates the tax been borne by both American consumers and by American businesses. So the money raised by Washington in the tariffs has really come at the expense of the American people'
By analyzing $4 trillion of shipments between January 2024 and November 2025, researchers found that foreign exporters absorbed only about 4% of the burden of last year’s U.S. tariff increases by lowering their prices, while American consumers and importers absorbed 96%.
The tariffs had a significant effect on trade volumes: Facing higher U.S. tariffs, Indian exporters maintained their prices but reduced the volume of shipments to the U.S. by 18%-24% relative to the European Union, Canada and Australia, the report found.
Rather than acting as a tax on foreign producers, the tariffs functioned as a consumption tax on Americans. The $200 billion in additional U.S. tariff revenue last year “was paid almost exclusively by Americans.”
https://t.co/ORN8xsgyk8
Imagine arguing with a straight face that Congress seriously intended to give the president the power to impose "emergency" tariffs on imports from US treaty allies so he could forcibly acquire the territory of one of those allies.
It's just ridiculous. But here we are.
@HawleyMO Or return it to the businesses all over our country that were illegally forced to pay this money and as a result have been paralyzed by inept policy.
@SecScottBessent@USTreasury Narrative shifting to match your new learnings. The lack of a clear policy doesn’t help bring back manufacturing. It paralyzes businesses, especially small business. The only outcome of tariffs is a consumption tax - outsized impact on the lower and middle class.