Trump Doubles Down On Tariff Talks

During a recent visit to Las Vegas, President Donald Trump highlighted the success of the United States’ tariff system, calling it a key driver of prosperity during America’s most productive years.

“From 1870 to 1913, we didn’t rely on income taxes. Instead, we had tariffs,” Trump said. “Foreign nations came in, taking our jobs, our businesses, and our products. They took advantage of us. But when we implemented tariffs, it worked. The tariff system brought in a tremendous amount of money, and it was during this period—1870 to 1913—that America was at its wealthiest.”

Trump continued, explaining that the introduction of the income tax in 1913 was a turning point for the country. “Then came the income tax. Instead of foreign nations paying, we made our own people foot the bill. That’s when things started to change. In 1929, we entered the Great Depression—no coincidence,” he added. “Before 1913, when tariffs were in place, America thrived like no other country in the world.”

Looking ahead, President Trump announced that starting February 1, he plans to impose a 25% tariff on imports from Canada and Mexico, signaling his intent to use tariffs as a tool to strengthen the economy. However, he remained somewhat cautious about his previous threats to impose tariffs of up to 60% on China. After a recent conversation with Chinese President Xi Jinping, Trump indicated that further negotiations would occur before making any decisions on China.

Trump is betting that these tariff measures, along with his executive actions aimed at reducing energy prices and tackling inflation, will stimulate the economy, creating jobs and restoring American manufacturing. While the full impact of these policies remains uncertain, Trump is committed to returning the U.S. to its position as the world’s economic leader, emphasizing the importance of strong borders, fair trade, and American strength.