On February 5, 2025
Opinions

Tariffs

President Trump’s warning of tariffs on neighboring countries, Mexico and Canada, and critical trading partner China got off to a false start on Monday, Feb. 3, with the current administration putting the plan on hold after conversations with Mexico and Canada. A trade war is already brewing with China, who countered with tariffs on U.S. products after a 10% tariff levy on Chinese products took effect.

Will there be some pain? Yes, maybe (and maybe not!). But we will make America great again, and it will all be worth the price that must be paid,” said President Trump.

“There’s no such thing as a one-way trade war. You know, nobody ever punishes the other side without there being a response,” said Sen. Tim Kaine on Monday, Feb. 3.

“It’s like Trump took a grenade and threw it into the economy, and he walked away to see what happens,” said Rob Handfield, professor of operations and supply chain management at North Carolina State University, in a conversation with ABC News.

“In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the… Anyone? Anyone?… the Great Depression, passed the… Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act? Which, anyone? Raised or lowered?… raised tariffs in an effort to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression,” said Mr. Lorensax, Ferris Bueller’s economics teacher in “Ferris Bueller’s Day Off.”

Do you want to submit feedback to the editor?

Send Us An Email!

Related Posts

The public reality of private schools

June 25, 2025
Dear Editor, In their June 13 commentary, “The Achilles’ heel of Vermont education reform,” the Friends of Vermont Public Education state that, “Since the early 1990s, we have been operating two parallel educational systems — public and private.” The organization calls upon the Vermont Legislature to create “one unified educational system,” arguing that, “The current…

Alternative steps for true education reform

June 25, 2025
By Jim Lengel Editor’s note: Jim Lengel, of Duxbury and Lake Elmore, started teaching in Vermont in 1972, worked for the state board of education for 15 years, and retired back in Vermont after helping schools all over the world improve the quality of teaching and learning. Our executive and legislative branches have failed during…

Protect SNAP—because no Vermonter should go hungry

June 25, 2025
Dear Editor, As a longtime anti-hunger advocate, a former SNAP recipient, and a proud Vermonter, I am deeply alarmed by proposals moving through Congress that would gut the Supplemental Nutrition Assistance Program (SNAP), known here in Vermont as 3SquaresVT. If passed, these cuts would devastate thousands of families across the Green Mountain State that rely…

The Good, the Bad & the Ugly of H.454

June 25, 2025
By Sen. Ruth Hardy Editor’s note: Ruth Hardy, of East Middlebury, represents Addison County in the Vermont Senate. She wrote the following reflection (originally posted at ruthforvermont.com) on voting “no” on H.454, the eduction transformation reform bill that passed last week.  On Monday, June 16, the Legislature passed H.454, the education transformation bill that was…