LIGHTHIZER ON TUCKER: ALL ABOUT TARIFFS YOU NEED TO KNOW
In the last few months we have dedicated a few posts to the all important subject of the tariff based economy, recently reintroduced by the Trump 2.0 administration. We have been harping on the issue, because it is also very important for countries like Greece. As explained here there was a time when many countries were run on tariffs alone, not on the taxes paid by citizens. The Rheinland model is a fairly recent invention pioneered in Germany and Scandinavian countries and has become the norm in the EU: high taxes combined with high regulations is its logic. Only more recently these countries added so-called 'free market' fundamentalism to their economic programs. But, as Trump economists often point out, what is passed for free trade is very often one sided high tariffscombined with staggering trade deficits for developed countries. As former US trade representative Robert Lighthizer explains to Tucker Carlson, a country that doesn’t produce anything itself, quickly dies. Lighthizer shows how tariffs can stop the slide.
March 19, 2025 TCN: Bob Lighthizer: Everything You Need to Know About Trump's Tariffs and Fixing America’s Working Class.
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