Whether among executives, lobbyists or university trustees, an elite backlash to the Trump administration won\u2019t work. It\u2019s up to working people to resist<\/p>\n
Few historical analogies exist for Donald Trump<\/a>\u2019s newly announced<\/a> tariffs<\/a>. The investment bank Evercore estimates<\/a> that the so-called \u201cliberation day\u201d announcement has raised the weighted average US tariff to 29% \u2013 its highest rate since<\/a> 1900. To call it a generational action would be an understatement; my grandmother was born in 1939.<\/p>\n These tariffs, if they remain in place, will raise prices, eliminate jobs and shrink retirements. No one will pay for them more dearly than American workers. Yet a shock to capitalism inevitably raises the question of whether, and how, capitalists<\/em> will respond. Faced with Trump\u2019s tariffs, what will the US\u2019s business class do?<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Whether among executives, lobbyists or university trustees, an elite backlash to the Trump administration won\u2019t work. It\u2019s up to working people to resist Few historical analogies exist for Donald Trump\u2019s newly announced tariffs. The investment bank Evercore estimates that the so-called \u201cliberation day\u201d announcement has raised the weighted average US tariff to 29% \u2013 its … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38098","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/38098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=38098"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/38098\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=38098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=38098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=38098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}