Stop Freaking Out. Trump’s Tariffs Can Still Work.

The New York Times ^ | April 8, 2025, 5:01 a.m. ET | Oren Cass

[E. Pluribus Unum]

Last week’s “Liberation Day” marked a kind of D-Day in the effort to reorder the international economic system. That reordering is desperately needed to address the system’s imbalances, which have led to deindustrialization and annual trillion-dollar trade deficits for the United States. But remember, far from striking World War II’s decisive blow, D-Day was just the start of the European campaign. Eleven months of vicious fighting followed, with more than 100,000 Americans killed before victory was secured. With the tariffs, too, success or failure depends on what happens next, and the nation will have to bear real costs while the outcome hangs in the balance.

The breadth, speed and severity of President Trump’s actions, which he finalized only shortly before the Rose Garden announcement, sparked immediate panic across markets and among allies. The airwaves filled with dire predictions as people scrutinized the sources and sizes of the numbers, the strategy and even the legal authority. Amid the hysteria, fair concerns have also emerged about what the plan lacks: time for companies and governments to respond, permanence for those tariffs intended to shift investments and a clear vision of the goals and how to reach them. But there are simple steps the administration could take now to correct course and move from its embattled beachhead into a sustainable forward position.

The 10 percent global tariff — a foundational permanent policy, which has already taken effect, and which carries a tolerable cost — is the right starting point. Congress should vote it into law as soon as possible. That would confirm its permanence and also provide substantial tax revenue that could help Capitol Hill solve some of its budget math problems. A bill to this effect,...

[E. Pluribus Unum]

Trump is flooding the zone, and the Left can't keep up.

[God luvs America]

that must’ve hurt the Times to publish this article...

[BipolarBob]

[Fido969]

Guest editorial by a conservative think-tank guy.

[rlmorel]

Heya God luvs America...long time no see.

I laughed when I read your post...yes, they must have been gritting their teeth.

But it makes me suspicious. It is like having and argument with someone who wishes you ill, then all of a sudden, right in the middle of the argument, they suddenly pivot on a dime.

What’s that all about. They were fully into creating hysteria because of their TDS.

Maybe they realize that stoking those fires of fear is burning down their OWN investments!

[cowboyusa]

Don’t be a Panickan.

[9YearLurker]

We don’t have 5 years to futz around with pulling our critical supply chains back from China.

[Bulwinkle]

Everything will be fine by Memorial Day

[The_Media_never_lie]

Congress would never support Trump’s tarriffs. They receive too much money and honey (Swalwell) from China. Congress is corrupt.

[Responsibility2nd]

They can still work?

How about looking at the fact they DID work. Countries have queued up to get on board with Trump’s fair trade policies.

How it must gall the Times to even concede Trump was right.

[God luvs America]

right on brother!!

[sit-rep]

Tuesday chuckles...

https://www.facebook.com/reel/664097792971918

[Responsibility2nd]

Who says we’d have to do that?

The EU, USA, S. Korea and other trading partners will find it in our best interests to tariff out the Chinese so that they have to agree with Free Trade policies.

[central_va]

Of course tariffs work. they work evrytime.

[pepsi_junkie]

What does ‘can still work’ mean? He imposed them like a couple of days ago. They expected that they didn’t instantly cure to the trade deficit then they failed?

[9YearLurker]

I have no idea what this means:

“The EU, USA, S. Korea and other trading partners will find it in our best interests to tariff out the Chinese so that they have to agree with Free Trade policies.”

But this Oren guy was just on with Jack Poso and he said his plan was to up tariffs by 20% per year to get to 100% tariffs in 5 years.

And we don’t want free trade with China at this point. We want to get our critical industries and supply chains back here despite the Chinese cost advantage, given how they do business.

[TexasGunLover]

We don’t have 5 years to futz around with pulling our critical supply chains back from China.

It's taken 40 years to move them there, it will take at least that long to move them back. There is no willing labor force for goods in the United States with all required benefits.

[9YearLurker]

Of course there is.

Our low-skilled workers would jump to jobs with better pay.

[9YearLurker]

BTW, from your home page—I don’t know how more out of touch you could be:

“Don’t worry about the things in life that can be solved by money... worry about the things in life that no amount of money can solve.

If you believe there were multiple JFK shooters, believe David Koresh was a good guy, think Hillary Clinton shot down TWA 800, or that GWB loaded explosives on the frames of the WTC, and that every single person in every single position to review the voter fraud is “in on it”, then yes, you’re a nutjob.”

[Eccl 10:2]

I’m beginning to think that the Globalists are playing us in the stock market.

QQQ is down about 9% today alone off its high today of 505.50. So it was up 26 from the previous close at about 1030am, and now its down 43 from that. So far.

I smell a pump and dump. This isn’t the first day this has happened. They tested this tactic earlier with Gamestop (GME) stock, and now they are doing it with the major indexes.