Undercurrents Mark DiPlacido: Trump’s tariffs are already succeeding
Apr 8, 2025
Mark DiPlacido, a policy advisor at American Compass and former deputy assistant trade representative, advocates for Trump's tariff strategy as a means to strengthen the American economy. He discusses how these tariffs can serve as leverage in trade negotiations with countries like Australia and Japan, emphasizing fair trade practices. DiPlacido critiques common short-term analyses, arguing for a focus on reshoring manufacturing to enhance national security and stabilize jobs, while highlighting recent positive trends in the auto industry.
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Tariff Leverage
- Trump's tariffs are prompting countries to negotiate with the U.S.
- This leverage shifts from a race-to-the-bottom tariff system to a balance-focused approach.
Non-Tariff Barriers
- Non-tariff barriers like currency devaluation, industrial subsidies, and intellectual property theft distort trade.
- These tactics, often used by surplus countries, suppress consumption and allow them to gain wealth from deficit countries like the U.S.
Long-Term Vision
- Short-term market fluctuations shouldn't overshadow long-term economic goals.
- The U.S. must prioritize reshoring critical industries and fostering innovation for economic and national security.