Tag: tariffs

Tariffs Drive Policy Debates

President Trump’s tariffs are fueling heated political debates in 2025. His push for higher import taxes aims to boost U.S. manufacturing. At a University of Alabama speech, he urged graduates to join factories, not finance. Critics argue this ignores modern job skills. Tariffs have raised costs for companies like Apple, adding $900 million in expenses. Lawmakers are split. Some see job growth; others fear inflation.

Lobbying Surges

Businesses are pouring money into lobbying. They want tariff exemptions or relief. The U.S. Chamber of Commerce spent $80 million in Q1 2025 to influence trade policy. Political campaigns benefit too. Crypto firms, once apolitical, now fund candidates who support digital assets. The Economist notes blockchain’s role in political self-dealing, raising ethics concerns.

Global Reactions

International leaders are pushing back. Canada and the UK face economic strain from U.S. tariffs. Ontario’s budget deficit hit $15 billion, partly due to trade wars. Politicians globally call for negotiations. Meanwhile, voters feel the pinch. Rising prices spark protests in swing states. As midterms near, money and politics are more intertwined than ever.