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Six Months
After Liberation Day, Every Economic Prediction
About Trump’s Tariffs Was Wrong

Original Article

Posted By: Mercedes44, 10/10/2025 5:39:44 AM

In yesterday’s Breitbart Business Digest, we examined a new working paper from Jared Bernstein and Daniel Posthumus that documented the decline of U.S. manufacturing employment, particularly the devastating 2000-2010 “China Shock” period when 5.7 million factory jobs disappeared. While the authors called this period “destructive” and urged preventing future shocks, they insisted that “sweeping” tariffs were not the right policy. Their reasoning was undermined by a significant contradiction: they claim tariffs would disrupt American manufacturing because we’re too dependent on foreign inputs, yet they simultaneously advocate for subsidies for sectors vulnerable to foreign export controls.

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Reply 1 - Posted by: skacmar 10/10/2025 6:55:05 AM (No. 2014811)
Not every prediction was wrong. Only the alleged experts and liberal economists were wrong. Trump and Scott Bessent (Sec of Treasury) were right.
35 people like this.

Reply 2 - Posted by: Strike3 10/10/2025 7:02:27 AM (No. 2014817)
Donald Trump proved one thing, that this country has no "Economic Experts" except himself. Paul Krugman and his pals can shut up forever and nobody will miss them.
43 people like this.

Reply 3 - Posted by: felixcat 10/10/2025 9:57:54 AM (No. 2014910)
Even Stephen Moore had to admit the tariffs are working to rebalance our trade but I still do not understand how economists like Moore and others can say they're against the US placing tariffs on imported goods when these other countries have tariffs on our goods - how is that fair or free trade????
21 people like this.

Reply 4 - Posted by: hershey 10/10/2025 10:27:06 AM (No. 2014932)
'Liberation Day'...I just love it...it intimates that the dumbocraps were choking the life out of the country, which they were, and Trump set us free...!!!! GO Trump!!!! Stick it to the dumbocraps!!!!!!
14 people like this.

Reply 5 - Posted by: jeffkinnh 10/10/2025 10:33:51 AM (No. 2014934)
What bothers me is that the economic experts almost universally decried Trump increasing tariffs. This article tells me that people who opposed the tariffs were largely following liberal political goals. That tells me that either the majority of economic "experts" are Leftists or idiots. That is not encouraging either way. These people have enormous influence on economic decisions. Yet, I am inclined to think the guidance should be, "Listen to what the experts say and do the exact opposite.". To be crystal clear, Trump's economic negotiations, which included much more than tariffs, has not only been positive, it has been WILDLY successful. We have tripled our monthly tariff income to $30 billion, a yearly increase of $240 billion. About $5 TRILLION in US industrial investment has been promised over a period of time, up to a decade. A very rough averaging yields a yearly $750 billion of additional income and investments. That doesn't include additional business generated from the business developments. Not bad for a policy that was universally panned as likely to do damage.
23 people like this.

Reply 6 - Posted by: homefry 10/11/2025 7:51:07 AM (No. 2015307)
They knew it was not likely to come true as they predicted, they just hoped it would. They claim tariffs would disrupt American manufacturing because we’re too dependent on foreign inputs, yet they simultaneously advocate for subsidies for sectors vulnerable to foreign export controls.
3 people like this.

Reply 7 - Posted by: PrayerWarrior 10/11/2025 4:11:36 PM (No. 2015523)
Recently when we were at Trader Joe's and we asked a clerk why TJ's were raising their prices on a lot of products. The answer that was given was...it was the TARIFFS! Can someone answer that and if that's true? Are we raising tariffs but in the process paying for that in product prices being raised? I would like to know.
0 people like this.

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