{"id":14103,"date":"2024-07-02T20:07:00","date_gmt":"2024-07-02T20:07:00","guid":{"rendered":"https:\/\/lonecandle.com\/?p=14103"},"modified":"2024-07-02T20:07:00","modified_gmt":"2024-07-02T20:07:00","slug":"trump-blames-biden-for-never-removing-the-tariffs-trump-imposed","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=14103","title":{"rendered":"Trump Blames Biden for Never Removing the Tariffs Trump Imposed"},"content":{"rendered":"\n<p>&#8220;The really frustrating thing about this is that Trump is fundamentally wrong about how tariffs work. He has been for a long time. Taxes on Americans are not going to change China&#8217;s behavior. That&#8217;s not theoretical. We have six years of real evidence. Tariffs are&nbsp;<a href=\"https:\/\/reason.com\/2024\/05\/23\/american-manufacturers-need-tax-and-regulatory-reform-not-tariffs\/\" target=\"_blank\" rel=\"noreferrer noopener\">not saving<\/a><a href=\"https:\/\/reason.com\/2024\/02\/29\/american-steel-production-has-fallen-to-pre-tariff-levels\/\" target=\"_blank\" rel=\"noreferrer noopener\">American manufacturing<\/a>. The&nbsp;<a href=\"https:\/\/reason.com\/2024\/06\/19\/trump-said-tariffs-would-reduce-the-trade-deficit-instead-it-grew\/\" target=\"_blank\" rel=\"noreferrer noopener\">trade deficit didn&#8217;t fall<\/a>&nbsp;like Trump promised it would. China&nbsp;<a href=\"https:\/\/reason.com\/2024\/06\/19\/trump-advisor-admits-trade-war-against-china-failed\/\" target=\"_blank\" rel=\"noreferrer noopener\">didn&#8217;t buy<\/a>&nbsp;the larger share of American imports that were part of Trump&#8217;s supposed &#8220;phase one&#8221; deal. In the middle of Thursday&#8217;s debate, Trump even managed to confuse the trade deficit with the federal budget deficit (a&nbsp;<a href=\"https:\/\/www.nytimes.com\/2016\/07\/22\/upshot\/what-donald-trump-doesnt-understand-about-the-trade-deficit.html\" target=\"_blank\" rel=\"noreferrer noopener\">mistake<\/a>&nbsp;he&#8217;s been&nbsp;<a href=\"https:\/\/reason.com\/2018\/03\/14\/trump-lies-about-trade\/\" target=\"_blank\" rel=\"noreferrer noopener\">making<\/a>&nbsp;for years).<\/p>\n\n\n\n<p>If only Biden were in a position to highlight Trump&#8217;s clearly misguided views on trade and tariffs. But that would have required different choices over the past three-plus years (and a stronger debate performance from the president, who struggled at times on Thursday to be articulate).<\/p>\n\n\n\n<p>Biden chose this outcome, and now we&#8217;re left with a choice between a candidate who doesn&#8217;t understand the fundamentals of trade policy and one who has foolishly gone along with that fantasy for political gain.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-reason-com wp-block-embed-reason-com\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"1i258IrR9h\"><a href=\"https:\/\/reason.com\/2024\/06\/28\/trump-blames-biden-for-never-removing-the-tariffs-trump-imposed\/\">Trump Blames Biden for Never Removing the Tariffs Trump Imposed<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Trump Blames Biden for Never Removing the Tariffs Trump Imposed&#8221; &#8212; Reason.com\" src=\"https:\/\/reason.com\/2024\/06\/28\/trump-blames-biden-for-never-removing-the-tariffs-trump-imposed\/embed\/#?secret=JaqdDhJrsH#?secret=1i258IrR9h\" data-secret=\"1i258IrR9h\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The really frustrating thing about this is that Trump is fundamentally wrong about how tariffs work. He has been for a long time. Taxes on Americans are not going to change China&#8217;s behavior. That&#8217;s not theoretical. We have six years of real evidence. Tariffs are not saving American manufacturing. The trade deficit didn&#8217;t fall like Trump promised it would. China didn&#8217;t buy the larger share of American imports that were part of Trump&#8217;s supposed &#8220;phase one&#8221; deal. In the middle of Thursday&#8217;s debate, Trump even managed to confuse the trade deficit with the federal budget deficit (a mistake he&#8217;s been making for years).<br \/>\nIf only Biden were in a position to highlight Trump&#8217;s clearly misguided views on trade and tariffs. But that would have required different choices over the past three-plus years (and a stronger debate performance from the president, who struggled at times on Thursday to be articulate).<\/p>\n<p>Biden chose this outcome, and now we&#8217;re left with a choice between a candidate who doesn&#8217;t understand the fundamentals of trade policy and one who has foolishly gone along with that fantasy for political gain.&#8221;<\/p>\n<p>https:\/\/reason.com\/2024\/06\/28\/trump-blames-biden-for-never-removing-the-tariffs-trump-imposed\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[375,221,217,314,780,208,141,226,170],"class_list":["post-14103","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-biden","tag-donald-trump","tag-economics","tag-international-relations","tag-joe-biden","tag-tariffs","tag-taxes","tag-trade","tag-trump"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14103"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14103\/revisions"}],"predecessor-version":[{"id":14104,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14103\/revisions\/14104"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}