When President Trump imposed higher tariffs he promised the Chinese wouldn’t retaliate. He was wrong. They did retaliate. And the sale of American farm products fell by $16 billion over two years.
Trump then imposed a second burden on the American economy. He took $37 billion from taxpayers and gave it to farmers. This was to compensate for the damage done by his tariffs, but he surely also hoped to silence farmer protests and win their votes.
These actions harm the economy. As president, I would end both the tariffs and the handouts. I would let taxpayers keep the $37 billion spent for bailouts, to save, spend, or give-away, as they see fit.