Lone Candle
Champion of Truth
“In most cases, Trump’s tariffs are significantly higher than the tariffs charged by other countries on American goods.”
https://reason.com/2025/08/18/trump-promised-reciprocal-tariffs-the-numbers-tell-a-different-story/
“Even as some Republicans mocked economists for predicting prices would rise as a result of tariffs, there was a whistling-past-the-graveyard quality to the snickering. Yes, tariffs that had been threatened, delayed, and only partially implemented hadn’t yet much increased costs for consumers, but there were clear signs that importers were rushing to beat high customs duties, and that trouble was on the way. Now we’ve had a weak jobs report and a higher-than-expected producer price index (PPI), and it’s clear that tariffs perform just as we were warned: They raise prices for domestic businesses and consumers.”
https://reason.com/2025/08/20/tariffs-begin-taking-a-bite-out-of-the-economy/
“The Trump administration’s 50 percent tariffs on imported steel and aluminum were expanded this week to cover hundreds of imports that plainly are not steel or aluminum. Among the items targeted by the new tariffs: dairy products like milk and cream, as well as gasoline and other fuels, fire extinguishers, baby strollers, furniture, engines, and motorcycles. In short, anything that contains steel or aluminum or that is (as with dairy products) transported or stored in steel or aluminum containers could now be subject to those massive import taxes.”
https://reason.com/2025/08/20/trumps-steel-tariffs-now-apply-to-milk-and-hundreds-of-other-products-that-arent-steel/
“The world’s supply of chocolate depends on the global trade of cocoa beans, which are grown exclusively in equatorial climates across Latin America, Africa, and Asia. The United States produces more chocolate than any other country in the world, but there would be no American chocolate-making businesses, large or small, without imports.
A lot of American manufacturing is like that too: U.S.-based businesses rely on imported raw materials when making everything from candy bars to new cars. Policies that make those inputs more expensive or difficult to obtain—policies such as the Trump administration’s tariffs—are leaving a bitter taste.
Chocolatiers, in particular, say trade barriers are a recipe for higher prices, lower quality, less innovation, and smaller profits. Doesn’t sound very sweet, does it?”
https://reason.com/2025/08/01/trumps-war-on-chocolate-theres-no-way-for-us-to-source-this-domestically/
Even conservative economists are saying that Trump’s pick to lead BLS is essentially a partisan ideological hack whose work is clearly biased and riddled with mistakes.
Trump fired the former BLS leader because he didn’t like the poor job numbers.
Economic data helps us know what’s going on in the country. If hacks lead the agencies that produce the data, we won’t be able to trust the data, and leaders and citizens won’t have this basic information to help them make decisions.
https://www.youtube.com/watch?v=JXUFZhAzsl0
https://reason.com/2025/08/07/how-overregulation-burned-out-competition-in-the-fire-retardant-industry/
“The Trump administration claims its tariffs are drawing countries to the table for tough negotiations. Yet in 2016, TPP partners were already there, ready to sign an agreement that closely reflected U.S. trade standards and practices, having overcome significant domestic hurdles. The TPP’s multilateral negotiating framework actually provided an efficient mechanism for participating countries to modernize their existing bilateral free trade agreements, and it augmented less comprehensive pacts like NAFTA and the Korea-U.S. agreement (KORUS).
The White House claims its new trade deal with Japan pushed “breakthrough openings” in agriculture and food, but the real groundwork was laid a decade earlier, when Shinzo Abe took on Japan’s powerful farm lobby in 2015, clearing the path for the TPP and softening resistance to liberalized agricultural trade. The TPP would have covered virtually all goods, including politically sensitive products like Japanese rice.
The 2025 deal also hardly qualifies as a “free trade deal,” with imports from Japan into the U.S. still subject to a 15 percent reciprocal tariff rate. Those tariffs are a tax on American businesses and consumers.
The TPP, by contrast, was slated to roll back 18,000 individual tariffs, making it “the largest tax cut on American exports in a generation.”
…
Building trade policy on headline‑driven, ad hoc bargains is an unstable strategy—made more precarious when the very tariffs they hinge on rest on contested executive authority. These arrangements may create the illusion of momentum, but without enforceable commitments or structural durability, they offer little of the stability that comprehensive trade agreements provide. The TPP demonstrated how a well‑designed pact could lock in reforms, deepen alliances, and shape the rules of global commerce for decades. Washington’s drift toward improvisation risks ceding that ground to others who are willing to play the long game—and win it.”
https://reason.com/2025/08/07/the-art-of-the-empty-trade-deal/
Producer price inflation up, driven by services.
https://www.youtube.com/watch?v=zXdMXPkWuSU
“Canadian travel to the United States by car has declined for seven consecutive months.
Canadians have said they are boycotting travel to the United States in response to Trump’s policies.”
https://www.yahoo.com/news/articles/data-many-canadians-still-avoiding-003056944.html
“President Donald Trump and his allies have spent months promising that higher tariffs will usher in a “golden age” of wealth and prosperity for America.
Now, the administration and one of its biggest allies in Congress are pushing for a new round of stimulus checks seemingly aimed at easing the economic pain caused by…yes, those same tariff policies.
…
The proposal to send out tariff-funded stimulus checks should at least put an end to two of the more nonsensical claims that the president and his pro-tariff allies have been making. First, this should confirm that Americans—not foreign governments or corporations—are footing the bill for the tariffs.
Second, the idea that tariffs can be used to close the budget deficit should be similarly put to bed. Some estimates suggest that tariffs are likely to widen the deficit (even without any stimulus checks being mailed out), as they will slow economic growth and reduce future tax revenue. Even if you ignore those dynamic projections, there’s a big problem: The $150 billion in tariff revenue collected so far this year can’t be used to pay down the budget deficit if it is first going to be redistributed to Americans in the form of rebate checks.
…
If Trump and Hawley want to spare Americans the pain caused by tariffs, there is a much simpler solution here: Get rid of the tariffs.”
https://reason.com/2025/08/11/tariff-rebate-checks-are-a-bad-inflationary-idea/