TRUMP TARIFFS TAKE EFFECT
By: Derek Varsalona
President Trump's tariffs took effect this Thursday. While I am in all support of free trade, I am more in support of fair trade. The fact of the matter is, America has been getting screwed on the trade end for years until Trump came along and fixed it.
These are the highest tariffs since World War II. You can call this trade war World War III. But this is a war that needs to be fought and needs to be won by the United States. I am glad that President Trump is in charge of doing just that. For years America has been getting screwed in the trade policy. Now, it the time that President Trump fixes that. The average tariff per country is 15.2%
I know that this is going to slow down the economy on the front end. The stock market may go erratic and go down. Inflation is likely to persist for a considerable time. But this is what needs to be done to get the trade imbalance under control. Thank God for President Trump and his tariffs. As always, comments are accepted.
President Trump Tariffs Take Effect
Image: Reuters.com
CarlosBarria
June 20, 2025
Source: Bloomberg Podcast. "Trump Tariffs take Effect" Washington, DC: Thursday, August 7, 2025. https://www.bloomberg.com/news/audio/2025-08-07/bloomberg-daybreak-trump-s-tariffs-take-effect-podcast