"This is Liberation Day - waiting for a long time. April 2nd, 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed."
"We have been one of the greatest beneficiaries in the last 50 years of economic wealth, particularly for people at the top."
President Trump revealed a new global tariff plan that includes a baseline 10% tariff on all imported goods, increasing tensions with numerous countries like China, the EU, and Japan, which will face even higher tariffs. Economists, including Richard Wolff, argue the approach is misguided and reflects a false view of U.S. economic victimhood, predicting dire consequences for American consumers. Wolff highlights America's historical position as a beneficiary of global wealth and criticizes the reactionary moves against declining U.S. hegemony, emphasizing that these tariffs may not yield the intended positive outcomes for the American economy.
Read at Truthout
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