With tariffs, Trump wants to restore American industry destroyed by decades of unfair trade
Will “Liberation Day” — Wednesday, when the Trump administration unrolls its new tariff policy — be remembered, like Dec. 7, 1941, as a “day of infamy”? Or will it, as President Trump and his supporters hope, mark the beginning of a new “Golden Age” for American manufacturing and our economy?
One thing is certain: The disastrous post-Cold War era, in which Washington negligently sacrificed American industry to appease communist China and other predatory trading partners, is at an end.
After the Berlin Wall fell in 1989 and the Soviet Union dissolved in 1991, the US could have shifted more of the burden of defense spending to allies like Japan and Germany, while revitalizing its manufacturing sector — the true base of military power in an industrialized world.
Instead, under Bill Clinton, George W. Bush and Barack Obama, the globalist establishment in Washington recklessly expanded America’s military commitments by waging wars with no exit strategies in Afghanistan, Iraq and elsewhere.
Trump is seeking a new path, requiring more defense spending by........© New York Post
