(#5906) The tariff gambit

      What is a gambit? Here is a revealing definition from Google: "a strategic move, often involving a sacrifice, intended to gain an advantage, used in chess, but also applicable to other situations like politics or business." This term gambit realistically applies to what trump is doing with our economy concerning his use of tariffs. He, trump, is making an initial move with enacting tariffs as way to isolate America from the global economy. The world is now a global economy and trump wishes to reverse that and it appears at all costs to we the consumers. Tariffs have the unsettling effect of raising prices and we who have little will find we have even less.
     What trump hopes is that American products will pick up the slack of the lessening of foreign products without stating a plan for that to actually happen. He doesn't care either that we the American consumer are going to be hit with higher prices as inflation is still a problem that hasn't balanced back out from before trump's mishandling of the Covid pandemic in his first term. So instead of we Americans leading economic recovery all over the world we are now going to be bystanders. The rest of the world order will continue to search and find new solutions to economically grow and expand. Tariffs create isolation and that is exactly what the end result of what the trump tariff gambit will do to the American economy.
     Tariffs also allow trump to dictate our economy under terms favorable to his cohorts. He is willing to let the American consumer suffer with higher costs while he adjusts our nation into a disadvantageous bargaining position. Tariffs will increase prices for the foreseeable future with no relief in view. Tariffs traditionally lead to economic recessions and depressions and this latest gambit by trump is not immune to the same results. Denial is doing the same thing over again and expecting different results. Well we are seeing that with trump, and again unfortunately, we are the ones who will pay the price for trump's denial about the effect of tariffs. We had the strongest economy in the world under Biden and now trump is on course to destroy that!