Thom Hartmann is a talk-show host and the author of 'The Hidden History of Monopolies: How Big Business Destroyed the American Dream' (2020); 'The Hidden History of the Supreme Court and the Betrayal of America' (2019); and more than 25 other books in print.
The stürm und drang all over the media this week is about U.S. President-elect Donald Trump , on Monday, doubling down on his tariffs saying that he’d impose across-the-board 25% tariffs on all goods from China, Mexico, and Canada until there’s no more fentanyl or undocumented immigrants and asylum seekers coming into the U.S. That’s a substantial lift, and if he follows through with the threat it’ll cause a considerable disruption in American commerce.
It typically takes companies between one and two decades to shift manufacturing overseas, given how large a logistical operation it involves, and reversing the process will probably also take a decade or two. Entire regions of America were wiped out, producing a swath of our country now referred to as the “rust belt.” The situation was compounded by the Bush administration’s and the Supreme Court’s hostility to union rights.
Democratic Party Donald Trump Free Trade Manufacturing Neoliberalism Ronald Reagan Tariffs
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