James Bovard
“For decades, our country has been looted, pillaged, raped, and plundered by nations near and far, both friend and foe alike,” President Trump declared last week when he proclaimed a national emergency and imposed the highest tariffs since the Smoot-Hawley Act of 1930. US stock markets lost more than $6 trillion in value and fierce controversies are raging over whether Trump is rescuing or ruining the economy.
Commerce Secretary Howard Lutnick said Trump’s penalty tariffs are “the reordering of fair trade.” Secretary of Treasury Scott Bessent declared, “For the first time in decades — probably since I was a college student — we’re going to see fair trade.”
Last week, the US Trade Representative (USTR) released its 377-page annual report on Foreign Trade Barriers, exhaustively recapping abuses by each nation cheating America. Luckily for the Trump administration, media fact checkers almost completely ignored the wildly-slanted report.
But one of the most high-profile cases illustrates the absurdity of Trump’s latest fair trade definitions.
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