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Saturday

April 5th, 2025

Insight

Does Trump Have a Plan B If His Tariffs Plunge Us Into Recession?

David Harsanyi

By David Harsanyi

Published April 4, 2025

Does Trump Have a Plan B If His Tariffs Plunge Us Into Recession?
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Treasury Secretary Scott Bessent cautioned last month that Americans will likely experience "a detox period" after President Donald Trump implements his wide-ranging tariffs.

What are we detoxing from, exactly?

From an abundance of affordable goods and the world's highest living standards? From consistent economic growth? From leading the world in nearly every possible innovation and quantifiable economic measurement? From being an evolving manufacturing powerhouse? From enjoying an unprecedented per capita GDP or the low unemployment rates?

The Trump administration suffers from Munchausen syndrome by tariff, prescribing toxic cures for mythical ailments to gain attention.

That's something to remember as Trump celebrates "Liberation Day" this week, promising to free us from the tyranny of affordable car parts, oil, produce, computers, phones and furniture, among thousands of other products.

Trump's flighty trade guru, Peter Navarro, contends that the United States is going to raise $6 trillion in revenue via tariffs on foreign goods over the next 10 years. He also says tariffs are a "tax cut," which makes about as much sense as former President Joe Biden telling us that dumping trillions into the economy would do wonders in fighting inflation.

Biden-era Democrats believed "transitory" inflation was worth suffering through in order to "remake" the economy. Trump officials are now making the same terrible bet on transitory economic pain.

And it's impossible for a voter to keep up with the MAGA reasoning for tariffs. One day, trade wars are merely a means of finding fairness. The next day, tariffs are going to replace the income tax and build a complete "self-sufficiency" utopia where people will once again be paid big bucks for assembling widgets in factories.

Trump did promise voters he would deal with the trade deficit and stop countries from "ripping us off," which is like accusing your local supermarket cashier of robbing you when you buy groceries.

Are all international trade deals "fair"? Of course not. If things were fair in this world, we'd be in big trouble. Just look at a list of nations with high trade barriers and those without them. The ones that are low are virtually all wealthy, and vice versa.

According to protectionists like Vice President JD Vance, the public is the victim of stagnant wages and a lack of good jobs due to "deindustrialization." Not only is manufacturing output at historic highs right now, but real annual family income has spiked $28,000 since NAFTA was enacted, while overall wealth rose close to 500%, outpacing inflation five times over that time.

The U.S. per capita income over the past 10 years is unrivaled. The middle class has only shrunk because of the growth of the upper middle class.

Tariffs are meant to prop up a small number of antiquated union jobs in the Rust Belt at the expense of millions of others. We're not "bringing back" manufacturing jobs lost to automation, which is most of them. And we already have plenty of high-tech, high-paying jobs. For every Rust Belt town that struggles, a new wealthy suburb in Texas, Nevada or Florida continues to grow. Those voters may not be as accommodating to the administration if its technocratic adventures start tanking 401(k)s.

It should not be this way. Over many decades, Congress has incrementally handed over "emergency" and tariff power to the president. There's simply no model of the constitutional order that foresaw the executive unilaterally installing economic policy or taxing citizens without legislation. Courts are constantly intervening when Trump acts in ways that fall under his executive purview. And yet, no one stops him from enacting tariffs, a clear violation of Article 1, Section 8 of the Constitution.

In a healthy republic, we would have a debate on how to implement economic policy. A federal legislature would represent the needs of its districts, states and the country. Our relative stability relies on checks on power. In this case, the entire economy hangs on the daily whims of one man.

One suspects that memories of a strong pre-COVID economy helped Trump win in 2024. That success was predicated on free market deregulation and tax cuts, not a statist remaking of the economy. Polls show about 60% of people are already concerned about how the president is handling tariffs. A recent Fox News poll found that 69% (correctly) believe that tariffs will make products more expensive. Protectionism isn't as popular as MAGA believes.

And should the economy backslide into stagflation or a recession, it won't be difficult to figure out who to blame.

(COMMENT, BELOW)


Previously:
03/31/25: The Left's Imaginary COVID 'Reckoning'
03/21/25: Sorry, Conspiracy Theorists -- Lee Harvey Oswald Acted Alone
03/03/25: Mitch McConnell: A GOP Hall of Famer?
02/21/25: RFK's Dangerous Autism Lie
02/14/25: It's Time to End the EV Racket
02/07/25: If You Really Support Immigration, Stop Excusing Chaos
02/03/25: Trump's Gaza Proposal Makes Complete Sense
01/24/25: How Biden's Pardons Normalize Abuse of Power
01/17/25: Israel Makes a Deal With the Actual Devil
01/13/25: Why Javier Milei Matters
12/20/24: The Obama Doctrine Is Dead
12/13/24: It's time for a national conversation about left-wing violence
12/09/24: It's time for a national conversation about left-wing violence
11/08/24: Don't Trash the Constitution to Dunk on the Libs
11/08/24: This 'liberation' will NOT be reported
11/01/24: HARRIS Is the Bigger Threat to the Constitutional Order
09/20/24: Fact checked! Harris Is the Extremist
07/13/24: Explain Yourself, Kamala Harris!
07/05/24: How Biden's Mental Decline Went From 'Misinformation' to Fact in a Week
04/12/24: Biden Is Now Chasing the 'Death to America' Voter
03/15/24: Turns Out Biden Lied About Hur, Beau, And Why He Pilfered Classified Docs
02/09/24: Why Biden Is Threatening to Veto Aid to Israel
02/09/23: Electric Cars Are a Scam
06/30/23: Americans Have Never Been Less Threatened by 'Extreme Weather'
03/03/23: Questioning Biden's Ukraine Policy Doesn't Make You an 'Isolationist'
01/20/23: No ribbons? Don't hide behind religion!
01/13/23: On Classified Documents, Joe Biden Is Out of Excuses
04/29/22: Biden's Ministry of Truth
04/08/22: The Most Radical Abortion Law in the Nation
04/01/22: Recuse Yourself, Joe Biden
03/25/22: No, School Boards Are Not 'Banning Books'
03/11/22: Let Them Drive Teslas
01/28/22: It's Not Government's Job to 'Root Out' Misinformation
01/14/22: Biden's Big Elections Lie
01/07/22: Schumer's Ugly 'Voting Rights' Gamble
12/24/21:AOC's Grasp on American Governance Is a 'Farce'
12/17/21: Dems Pivot from Build Back Better to Useless Extremism
11/19/21: Reckoning' Over Steele Dossier?
10/15/21: The Biden White House Will Pay for Playing Inflation Games
09/24/21: The most demonstrable political scandal still ignored
09/17/21: Sorry, AOC, The Rich Already Pay Their Fair Share
09/02/21: Why Isn't Biden to Blame for COVID-19 Deaths?
08/06/21: Biden's Unprecedented Attack on the Constitution
07/30/21: Jan. 6 Was Deplorable. It Was NOT a Coup
06/21/21: The Myth of Republican Obstructionism
05/21/21: What Does Putin Have on Biden?
04/16/21: Kristen Clarke Is Unfit to Be in Government
03/26/21: No to DC Statehood is far from GOP being reflexive
03/22/21: Biden Prepares to Strip College Students of Due Process Rights The Hypocrisy of the Filibuster Busters
03/12/21: Biden Prepares to Strip College Students of Due Process Rights
03/05/21: AOC's Terrible Minimum Wage Argument
02/12/21: The Dem Party Is Radicalizing against the Constitution
02/05/21: What NOT to Do with Marjorie Taylor Greene
01/15/21: Free Speech Is a Value Not Just a Right
12/31/20: It Can't Get Any Worse Than 2020. Here's a 2021 Political Wish List
10/26/20: Wanted: An Honest Debate about the Death Penalty
10/26/20: These are the questions 'Big Guy' Biden must be forced to answer about Hunter's emails
09/11/20: The Dems' Dangerous Delegitimization of the Election
08/28/20: Biden Is Underperforming Hillary in Battleground States
08/14/20: Kamala Harris, Imaginary Centrist
07/24/20: Who you calling a fascist?
07/17/20: Speech Police have finally gone too far
07/03/20: 'But Gorsuch' Is Still Trump's Best Argument
06/22/20: Welcome to America's Cultural Revolution
06/12/20: The color of my skin is not an indictment of my morality, nor does it strip me of my agency
06/05/20: What this son of immigrants knows about bulding bussinesses --- and the dismay of destruction
05/28/20: The Folly of Twitter's Fact-Check
05/22/20: Dems Warning Trump Will Reject Election Results Should Look in the Mirror
05/15/20: Obamagate Is NOT a Conspiracy Theory
05/08/20: Really, Joe --- due process is the opposite of justice?

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