“If President Trump succeeds like he wants to succeed, we are going to structurally shift the American economy from one over-reliant on income taxes and the Internal Revenue Service, to one which is also reliant on tariff revenue and the External Revenue Service,” [2]

President Trump’s trade war could harm America. The U.S. enjoys robust growth and a strong currency. Yet as the 2024 presidential election demonstrated, voters won’t tolerate politicians whose policies stoke inflation — and tariffs raise prices.