Pay Close Attention to Why Industry Giants Are Announcing 4-Year Multibillion Investments in America and See Trump's Genius
President Donald Trump’s position on tariffs might be the most controversial of his policies across the board, particularly among conservatives.
Take the editorial board of National Review, the great grandaddy of all conservative publications. In a March 7 missive titled “Tariff Mania,” the board said that Trump’s tariffs on Canada, China, Europe and Mexico were “inspired by a vision of Gilded Age protectionism with little resemblance to historical reality” that “will deepen the swamp he once undertook to drain.”
Particularly hurt, the board said, would be carmakers: “Concerns over tariffs are already damaging the economy and will add to automakers’ woes. One reason for the pause was to enable Ford, GM, and Stellantis to move some supply lines into this country (in a month?). Overall, however, car manufacturers are likely to be investing less, not more, in the U.S. Uncertainty encourages consumers and companies to cut back, not spend (consumer confidence fell by the most in nearly four years last month).”
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