Subject: Re: Cherry picking tariff relief
Trump has steadfastly and falsely maintained that foreign countries pay for tariffs. But today he signed an executive order ending tariffs on beef, coffee, bananas, cocoa, and other commodities from certain countries to lower prices after voters said they are concerned about the economy. Representative Richard Neal (D-MA), the highest-ranking Democrat on the House Ways and Means Committee, said the administration was “putting out a fire that they started and claiming it as progress.”
Trump has seemed particularly nervous that the Supreme Court might uphold the lower courts that have declared most of his tariffs illegal as taxes should be the purview of Congress, reiterating that having to pay back tariff money would be “a National Security catastrophe.” Representative Jason Crow (D-CO) reminded Really American Media that Trump has been “using tariffs to enrich himself and his family,” using them—or the threat of them—to get golf course deals in countries around the world, as well as using them to punish countries Trump believes are hurting his right-wing allies.
On the other hand, Trump’s administration is rewarding his foreign ideological allies. Bloomberg reported yesterday that Argentina’s leader Javier Milei appears to have received more financial support from the U.S. government than the $20 billion more widely reported. The U.S. withdrew $870 million from its account at the International Monetary Fund shortly before a similar sum appeared in Argentina’s IMF fund just in time for that country to pay an $840 million debt.
Jeff