By pushing more market crashing fears it will undermine current working negociations as the tarriffs are bringing countries to the table to try and faithfully equalize fair trade policies. Those countries we trade with will hope Trump buckles to the Oligarchs of Wall Street’s manipulations and hold out or delay negotiations.
I would not bet on it. Wall Street’s oligarchs are gambling with our deficit driven economy and national security as China and other real enemies build their militaries with their suplus trading – U.S. Dollars.
“There are likely to be important short-term effects,” JP MORGAN’S Jamie Dimon, CNBC 7 April, 2025.
America has to realize long term mismanagement of trade at the federal level has consequences. Why Trump and State are in negociations.
When Obama Care was passed it created long term inflation of healthcare pricing because it set no alternative free market plans affordable except the socialist parameters of coverage and forced increased demand over night. This was done in the middle of the great recession of 2008-2012.
We survived that socialism. Federalism took over a large chunk of the GDP or our economy because their was only one domestic source as the provider. AKA a monopoly policy set by the biggest monopoly in the world, the U.S. federal government.
The Dems got what they wanted, Trump’s tade policies will work to free us from central planning inequities that federalism manipulated out of DC has brought.
Trump is trying to bring back fair non-socialist competition to our domestic manufacturing which fled to cheaper labor and allowed unfair and unequal international individual countries’ policies used against us in trade. Tariffs being one of many tools countries use.
Dumping product, currency conversion minipulation, domestic subsidies within communist/socialist owned businesses that set cheap labor abuses, protectionists laws of ownership, patent stealing, etc.., all account for unfair trade practices from unbalanced-in-payments trading partners.
Our USA liberty markets and laws could, and can not, compete. The tarriff increases are forcing negotiations of partners to enter fairly into the largest market in the world and end the abuses our U.S. trade officials deal with every day.
China being numerial uno abuser who takes the top spot with The Trade Policy and Negotiations (TPN) division of U.S. STATE DEPT.
I believe allowing Congress to take over the consistently contentious trade abuses will be another repeated avenue to lobby individual unfair advantages for big businesses manufacturing aboad.
The President of United States is the Chief Executive to promote the “Welfare” of the country’s businesses, large and small, and its economic, and therefore, national security.
Trade agreements must be authorized by Congress but not negotiated. Otherwise, self “emoluments”, pay off, as re-election donations and/or future jobs to each U.S. Representative will continue from every lobbyist in DC still looking for separate corporate executives’ privilege for their profit margins. This is not in the interests of the USA’s national longterm security, welfare, and economy.
And it should be ended as unconstitutional. The President of the USA is the Nation’s Executive not Jamie Dimon, Wall Streets’ Oligarchy, or individual congressmen.
JS Frost
Alexandria, NH
jeffreyfrost@comcast.net
Jeff Frost has a degree in Economics, Finance and Accounting from St. Lawrence University and is a former chairman of the Manchester City Republican Committee. Submit your OpEd to Rich@GirardatLarge.com
