So how are those Trump tariffs working out?
The right-wing prophecies:
“Leading Trump sycophant Sean Hannity claimed tariffs would generate “a new golden age of American wealth and exceptionalism.”
“Fox Business’ Elizabeth MacDonald stated Trump was trying to “reignite a manufacturing golden age.”
“Newsmax host Carl Higbie declared, “American jobs being created because we want to make things more fair.”
Reality, as we know, has a well-known liberal bias:
“The American economy actually supports fewer total jobs than before the sweeping tariffs were announced.
“The manufacturing industry lost nearly 100,000 jobs in the 10 months following the announcement.
“The trade deficit has barely narrowed.
“Families have been burdened with an estimated annual cost ranging from $1,000 to $2,000.”
The good news for Trump and his supporters is that his mad war in Iran has taken tariffs out of the headlines and war-driven inflation is likely to dwarf the tariff costs to middle and working class Americans.
Trump’s tariffs failed to live up to billing
“Leading Trump sycophant Sean Hannity claimed tariffs would generate “a new golden age of American wealth and exceptionalism.”
“Fox Business’ Elizabeth MacDonald stated Trump was trying to “reignite a manufacturing golden age.”
“Newsmax host Carl Higbie declared, “American jobs being created because we want to make things more fair.”
Reality, as we know, has a well-known liberal bias:
“The American economy actually supports fewer total jobs than before the sweeping tariffs were announced.
“The manufacturing industry lost nearly 100,000 jobs in the 10 months following the announcement.
“The trade deficit has barely narrowed.
“Families have been burdened with an estimated annual cost ranging from $1,000 to $2,000.”
The good news for Trump and his supporters is that his mad war in Iran has taken tariffs out of the headlines and war-driven inflation is likely to dwarf the tariff costs to middle and working class Americans.
Trump’s tariffs failed to live up to billing
One indicator is:
“According to the Bureau of Economic Analysis, despite Trump’s tariffs, the US trade deficit in goods and services remained around $900 billion in 2025, virtually unchanged from 2024. That is a far cry from Trump’s promise to eliminate that deficit.
According to the Congressional Budget Office (CBO), the budget deficit was close to 6 percent of GDP in 2025 or virtually unchanged from the previous year. With the CBO now projecting that, absent policy changes, the US budget deficit will remain over 6 percent of GDP over the next decade,”
“Donald Trump’s Tariffs Were a Big Mistake. Now America Will Pay the Price“
Wait, so no golden age?
Joel:
It will be remembered for sure. As something very unusual. Is Ripley’s Believe It or Not” still in existance?