Donald Trump and maga Republicans do nothing to push back on the inflationary impact of illegal Trump tariffs
Donald Trump insists he will never repeat Herbert Hoover's economic mistakes.
Herbert Hoover signed the Smoot-Hawley tariffs. Trump initiated and continues to expand a similar program of tariffs.
Trump's tariffs have contributed to inflation and increased everybody's cost of living.
Were it not for that inflation, the Federal Reserve policy would likely favor lowering interest rates, which would lower the cost of living and promote economic expansion.
From Jim Rosenbaum, Whitefish Bay, in Wisconsin
In fact, Donald Trump repeatedly stated that he does not want to be remembered like Herbert Hoover, the president who took office right before the Great Depression. He has expressed this sentiment on several occasions, including a July 2026 CNBC interview where he emphasized, "I always said I don't want to be a president with a depression on his resume. I don't want to be Herbert Hoover". In fact, Donald Trump emphasized this again when he explained why he signed the surrender document called a Memorandum of Understanding (MOU), for the purpose of engaging with Iran about opening the Strait of Hormuz. Iranians closed this free and open avenue of commerce when Donald Trump launched the illegal war against Iran. Although Donald Trump said the reason for his illegal war was to prevent Iran from creating a nuclear bomb, the Memorandum of Understanding signed at the French Palace of Versailles, was agreed to because Trump wanted to open the Strait of Hormuz, and had nothing to do with preventing Iran's nuclear capabilities. Keeping the Strait closed, when it had been opened before February 28, 2026, was the only reason why Donald Trump surrendered. He did not want to be responsible for a world wide Great Depression caused by his illegal war.
Is Trump unaware that he has already repeated one of President Hoover's mistakes❓ tariffs. Hoover signed the Smoot-Hawley tariffs. Trump initiated and continues to expand a similar program of tariffs. Is Trump unaware that he has already repeated one of those mistakes: tariffs❗ Echo opinion letter published in the Milwaukee Journal-Sentinel and in Yahoo.com
Herbert Hoover signed the Smoot-Hawley tariffs. Trump initiated and continues to expand a similar program of tariffs.
Trump's tariffs have contributed to inflation and increased everybody's cost of living.
Labels: Federal Reserve, Herbert Hoover, Jim Rosenbaum, Milwaukee Journal Sentinel, Smoot-Hawley, Whitefish Bay, Wisconsin


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