Economics/Class Relations

Trump’s Mega-Blink on China Tariffs

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MONDAY, MAY 12, 2025
It is important to remember that government interference always means either violent action or the threat of such action. The funds that a government spends for whatever purposes are levied by taxation. And taxes are paid because the taxpayers are afraid of offering resistance to the tax gatherers. They know that any disobedience or resistance is hopeless. As long as this is the state of affairs, the government is able to collect the money that it wants to spend. Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen. The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
– Ludwig von Mises, Human Action [1949]

HORNBERGER’S BLOG
May 12, 2025
Trump’s Mega-Blink on China Tariffs
After recently blinking in his tariff war against much of the world by suspending his beloved tariffs on 70 countries for 90 days, President Trump has just engaged in a mega-blink against China, the country that he refused to include in his recent massive tariff suspension. Blinking this time against what U.S. officials say is America’s enemy, adversary, competitor, and rival, Trump has …
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