Bitcoin Magazine
Why Trump’s Tariffs Can’t Fix The Broken Fiat System
Trump’s ‘America First’ platform, which he built his successful campaign around, promised to reconfigure global trade in favour of the US. This involved encouraging businesses to manufacture domestically, bringing jobs, industry and prosperity back to parts of the country that liberalised trade and outsourcing left behind. The US had, or so the argument goes, become more and more reliant on competitively priced imports that were often manufactured by countries where labour and transportation is much cheaper. This led to the emergence of Rust Belt states in which blue collar workers saw their living standards decline whilst the cities they lived in were hollowed out.
The chosen tactic for this grand economic reconfiguration, it seems, is trade tariffs. By imposing tariffs on foreign goods, especially Chinese imports, Trump hopes to make it more expensive for consumers to buy products that ar
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