Trump’s tariffs are a collision with economic reality

An often-overlooked aspect of protective tariffs is that returning manufacturing to the U.S. will inevitably raise the cost of consumer goods and burden domestic manufacturers.

U.S. President Donald Trump argues that adding tariffs to imports will bring manufacturing jobs back to the United States. But he doesn't account for the fact that the service industry replacing manufacturing as the predominant source of employment is what has allowed for low unemployment rates in the U.S., writes Farshid Keramat.Official White House Photo by Daniel Torok

Opinion

BY FARSHID KERAMAT

July 31, 2025

United States President Donald Trump's escalating rhetoric on tariffs collides head-on with fundamental economic realities. Some view high tariffs as necessary to protect American manufacturing. Others, including many Canadians, are concerned about higher prices and a slowdo...

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