The Illusion of Tariff Wealth Trump’s rhetoric hinges on a delusion: that tariffs make a country rich. But tariffs don’t generate new wealth—they redirect it. They act as a siphon from one sector of the economy to another, punishing consumers and rewarding politically favored industries. It’s economic cannibalism, plain and simple. Trump claims we're now the "richest, most respected country" because of these tariffs, conveniently ignoring that wealth created under an open economy isn’t the same as wealth extracted through government-imposed trade barriers. Tariffs don't build wealth; they reshuffle it—and often to the detriment of productivity and innovation. Blocking competition doesn’t strengthen industries—it breeds complacency and decay. Who Really Pays for Tariffs? Despite what the political salesmen will tell you,…
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