The Fort Worth Press - 'Tariff man': Trump's long history with trade wars

USD -
AED 3.672498
AFN 64.501353
ALL 80.797017
AMD 360.929885
ANG 1.789785
AOA 917.999823
ARS 1538.269797
AUD 1.42106
AWG 1.8025
AZN 1.70296
BAM 1.75401
BBD 2.012923
BDT 123.983804
BGN 1.747831
BHD 0.377306
BIF 2997.5
BMD 1
BND 1.280463
BOB 11.889313
BRL 5.352698
BSD 0.999466
BTN 94.999372
BWP 13.826286
BYN 2.940367
BYR 19600
BZD 2.010116
CAD 1.404275
CDF 2314.999871
CHF 0.828545
CLF 0.024979
CLP 986.302768
CNY 6.66835
CNH 6.664845
COP 3151.38
CRC 454.490425
CUC 1
CUP 23.987373
CVE 98.750015
CZK 21.852992
DJF 177.719653
DKK 6.71562
DOP 60.349916
DZD 135.338933
EGP 56.017202
ERN 15
ETB 161.050415
EUR 0.89848
FJD 2.238695
FKP 0.749223
GBP 0.75135
GEL 2.570498
GGP 0.749223
GHS 11.624999
GIP 0.749223
GMD 74.000246
GNF 8799.999875
GTQ 7.638188
GYD 209.445401
HKD 7.84465
HNL 27.000054
HRK 6.76901
HTG 130.928626
HUF 329.441962
IDR 18161.45
ILS 3.02401
IMP 0.749223
INR 95.17805
IQD 1514
IRR 1856999.999772
ISK 122.560119
JEP 0.749223
JMD 159.024972
JOD 0.709045
JPY 157.8775
KES 129.83981
KGS 87.4492
KHR 4075.000189
KMF 440.999748
KPW 899.999961
KRW 1327.739895
KWD 0.31121
KYD 0.832885
KZT 456.816419
LAK 22506.497808
LBP 89550.00032
LKR 332.273585
LRD 170.250216
LSL 16.66002
LTL 2.95274
LVL 0.60489
LYD 6.415003
MAD 9.848494
MDL 18.050231
MGA 4589.999714
MKD 55.320716
MMK 2099.77173
MNT 3599.40728
MOP 8.076123
MRU 40.198421
MUR 47.349802
MVR 15.450348
MWK 1741.000062
MXN 18.695855
MYR 4.08902
MZN 63.910391
NAD 16.659866
NGN 1340.659814
NIO 36.844966
NOK 9.327135
NPR 151.999677
NZD 1.759435
OMR 0.384472
PAB 0.999498
PEN 3.442502
PGK 4.488103
PHP 64.075497
PKR 277.000141
PLN 3.952497
PYG 5815.01195
QAR 3.645016
RON 4.807696
RSD 105.586978
RUB 80.548206
RWF 1478.5
SAR 3.750364
SBD 8.064647
SCR 13.944377
SDG 601.510149
SEK 9.94615
SGD 1.28119
SHP 0.749344
SLE 22.875022
SLL 20969.504398
SOS 571.498309
SRD 37.6505
STD 20697.981008
STN 22
SVC 8.745835
SYP 13001.999685
SZL 16.660014
THB 33.785993
TJS 9.19474
TMT 3.5
TND 3.007498
TOP 2.40776
TRY 49.8366
TTD 6.784327
TWD 32.436096
TZS 2644.862988
UAH 45.626679
UGX 4382.704147
UYU 40.070132
UZS 11970.000395
VES 886.72915
VND 25834
VUV 118.743227
WST 2.764729
XAF 589.364192
XAG 0.018344
XAU 0.000245713528
XCD 2.70255
XCG 1.801256
XDR 0.707052
XOF 589.364192
XPF 107.149656
YER 236.15032
ZAR 16.637035
ZMK 9001.196346
ZMW 20.155866
ZWL 321.999592
SSP 5745.701932
MXV 2.108742
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

'Tariff man': Trump's long history with trade wars
'Tariff man': Trump's long history with trade wars / Photo: © AFP

'Tariff man': Trump's long history with trade wars

Donald Trump loves few things more than talking about his affinity for tariffs, but it's nothing new: he's been saying the same thing for decades.

Text size:

"To me, the most beautiful word in the dictionary is 'tariff,'" Trump repeatedly said on the campaign trail for the 2024 election.

He has since joked that it is now his fourth favorite word, after love, God and family -- but his commitment to them remains as strong as ever.

The 78-year-old Republican has promised a "Liberation Day" for America on Wednesday when he announces sweeping "reciprocal" tariffs targeting any country that has import levies against US goods.

The sudden trade war has sent leading world economies scrambling -- yet anyone surprised by the onslaught has not been listening to Trump himself.

Other policies have come and gone, especially on hot-button issues such as abortion, but Trump's belief that America is being ripped off by the world has remained one of his core values.

So has his innate conviction that tariffs are the solution, despite arguments by opponents and many economists that US consumers will suffer when importers pass on increased prices.

- 'Ripping off' -

"I am a Tariff Man," Trump declared in a social media post back in 2018 during his first presidential term.

In fact, Trump has been saying as much since the 1980s.

His main target then was Japan, as Trump -- best known in those days as a brash property dealer and tabloid fixture -- discussed getting into politics in an interview with CNN's Larry King.

"A lot of people are tired of watching other countries ripping off the United States," Trump said in 1987, using rhetoric that has changed little in the intervening 38 years.

"Behind our backs, they laugh at us because of our own stupidity."

In a separate interview with chat show host Oprah Winfrey, he raged: "We let Japan come in and dump everything right into our markets."

By the 1990s and early 2000s, China entered his crosshairs, and Beijing remains one of his top tariff targets, along with Canada, Mexico and the European Union.

In his successful 2016 election campaign, Trump stepped up the rhetoric, saying: "We can't continue to allow China to rape our country."

- 'Very rich' -

During his second term, Trump has also started citing a historical precedent going back more than a century -- President William McKinley.

McKinley's passion for both territorial expansion and economic protectionism during his time in office from 1897 to 1901 could have been the model for Trump's "Make America Great Again" policies.

"President McKinley made our country very rich through tariffs and through talent -- he was a natural businessman," Trump said in his inauguration speech in January.

Trump's promises of a "Golden Age" harkens back to the so-called "Gilded Age" that culminated with McKinley's presidency, a time when America's population and economy exploded -- along with the power of oligarchs.

In addition to deploying tariffs, McKinley presided over a period of territorial adventurism for the United States, including the Spanish-American war and the purchases of Guam, Puerto Rico and the Philippines.

Such moves echo Trump's own designs for Greenland, Panama and Canada.

The two also share the unwanted similarity of being struck by an assassin's bullet -- although Trump survived the attempt on his life at an election rally last July, while McKinley was killed by an anarchist in 1901.

B.Martinez--TFWP