Welcome back to the The Economic Populist’s Weekly Rewind. Every Friday, we’ll briefly recap the week’s biggest news, updates, and developments the in fight against corporate power.
Here’s what to know this week.
Trump’s tariffs unveiled
Tariffs are a policy tool—one that can be useful when combined with other policies to strengthen our national resilience and security by rebuilding our capacity to make some key goods and to diversify the countries from which we import goods. Every year since 1975, the United States has run an ever-larger trade deficit, which, as economic theory predicts, has resulted in deindustrialization and growing incoming inequality. This deficit has cost us 90,000 factories and shattered millions of manufacturing workers and their communities. If targeted strategically, tariffs can help rebalance what last year was a $1.2 trillion goods trade deficit.
