Trumponomics Stephen Moore Is Bullish on America. Is He Right To Be?
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May 14, 2025 
Stephen Moore, an economist and author known for his insights on Trump's economic policies, teams up with Josh Wingrove, a seasoned Bloomberg reporter, to delve into the U.S. trade strategy. They discuss the recent trade peace with China and how tax cuts might lead to an economic boom. The duo navigates the complexities of tariff policies and their implications on the economy, while highlighting the balancing act between national debt and growth. They also touch on the importance of international agreements and the urgency of pushing for tax reforms.
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Tariffs as Negotiation Strategy
- Trump aims to use tariffs to push for other countries reducing their tariffs, which could boost growth and trade.
- He's also using tariffs as a strategic negotiation tactic, starting high and potentially lowering them as a deal incentive.
Trump's Tariff Philosophy
- Trump wants a tariff system that taxes imports to favor American-made products, aiming to reduce income tax reliance.
- However, selective tariffs create inconsistent policies; a uniform import tariff would be more principled.
Restore Congressional Tariff Authority
- Tariffs imposed by executive emergency powers lack proper congressional approval, risking accountability.
- Policy-making power over tariffs should revert to Congress to ensure constitutional accountability.
