David Marcus: A big step in Trump's tariff victory for America's comeback

Big Media and Big Finance claimed this week that the financial sky is falling, but with President Donald Trump, we don't know exactly where you are in the process of making a deal. If you weigh too quickly, you will start to look stupid.

On Wednesday, the Chief contract maker announced a 90-day suspension on high air tariffs directed at 75 countries.

This is what Trump really does bet on tariffs gambit

Democrats, and a considerable number of free market conservatives, celebrated the “caves” to “caves” on financial market pressure. But when the smoke settled, it became clear that Trump had enacted a historic tariff regime and somehow gathered the stock market.

By Thursday morning, Trump had denounced communist China with a whopping 125% tariffs, maintained a 25% penalty on certain goods from Canada and Mexico, placed 10% blanket tariffs on most of the world, and negotiated like the opening ceremony of the Olympics alongside the White House.

Just two months ago, those who denounce Trump's folding would have called the tariffs that landed on Wednesday merciless, but after last week's turmoil, the biggest tariff rise in decades appeared to be a surprising compromise from moderate markets.

And for working-class Americans, the good news for now, for the solid nuclear nuclear powers of Trump's support and the Republican core, is that efforts to restore American manufacturing have only begun.

You know, Ebenezer's Skrug, a libertarian think tank, has been amortizing small industrial cities forever, but Donald Trump is not.

And it's not a matter of sympathy or fairness for these remote factory towns, but a matter of national security where we can make our own weapons, medicines and computer chips.

The point of Trump's tariff disruption was never tariffs for themselves. It was to restructure American trade and make our country less dependent on geopolitical and ideological enemies such as China.

Those who support the president's efforts to reinvade the forgotten America to reinvade the re-shore to the re-shore, do not care whether it will occur through tariffs or trade transactions. They care about work coming home, even if it means paying more for Chinese widgets.

Of course, this infuriates the free market, where cheapness is next to piety, but what did you think populism is? Mitt Romney in cowboy boots?

Of course, this infuriates the free market, where cheapness is next to piety, but what did you think populism is? Mitt Romney in cowboy boots?

I would say that free traders and libertarians don't have an answer to the small town of America, but in reality it is. It appears to be flooding them with tens of thousands of Haitian immigrants. Seriously.

What free market fanboys can't recognize is that tariffs and trade transactions are not merely economic issues, they are also very cultural issues. The question is not only how big numbers we can play at national cash registers, but also the quality of life.

President Donald Trump announced his tariff plans for the release date on April 2nd. (Getty Images)

Take COVID lockdown as an example.

Five years ago, last month, the stock market crashed as the Chinese virus was unleashed. For the rest of the year, many, if not most, Americans stayed home day and night, streaming videos and ordering from Amazon and Doordash.

By December, the Dow Jones industrial average was higher than before Covid hit.

So, who says 2020 was a great time? Do people other than essayists in the Hypochondrial New Yorker magazines really look back at being locked up in our homes and worship houses?

Of course it's not.

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American novelist Jack Kerouac once famously said, “I don't want to make a living, I want a life.” Certainly, we are not committed to living on the roads because the Beat poet needs both, and thankfully President Trump understands that world trade is far more than money.

Importantly, Trump isn't doing this on his own. Had his supporters been panicked as many conservative commentators did last week, he would not have achieved the tariffs we had arrived or future negotiations.

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The reason Canada is buying signs in Florida is that it denies the message “taxes are taxes” is because it hopes that Americans are as shocked by the tariffs as the Canadians I met in Calgary last month.

But that's not happening. Those who believe in Trump's vision to transform American manufacturing are supporting America's first agenda, noting the president's soothing advice to be “cool.”

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