WSJ Opinion: Potomac Watch
Where Did the Republican Free-Traders Go?
Apr 9, 2025
Barton Swaim, a colleague at The Wall Street Journal, discusses the surprising lack of Republican opposition to Donald Trump's trade wars. He analyzes how traditional GOP support for free trade is eroding as senators re-evaluate their positions amidst escalating tariffs. The conversation also touches on the geopolitical fallout from trade tensions, urging caution over potential voter backlash while questioning the practicality of reviving nostalgic manufacturing policies. Swaim highlights the complex interplay between tariffs and upcoming tax reforms, reflecting current economic pressures.
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Quick takeaways
- The shift in Republican attitudes toward tariffs illustrates a conflict between party loyalty and historical support for free trade principles.
- The economic consequences of Trump's tariffs are driving calls for urgent tax reform to alleviate potential recession impacts on the U.S. economy.
Deep dives
Escalation of the Trade War
Recent trade actions have intensified tensions between the United States and China, with President Trump imposing tariffs on nearly 100 countries, including rates as high as 104% specifically on China. This retaliatory approach has prompted China to consider levying an average of 84% on U.S. exports. Additionally, the European Union is making plans to target $23 billion worth of U.S. goods in retaliation, which includes popular items like chewing gum and motorcycles. Despite the significant economic implications, responses from Republicans in Congress regarding these tariffs have largely been tepid.
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