Homepage News Trump reveals US ‘money machine’ plan — but it has...

Trump reveals US ‘money machine’ plan — but it has one massive flaw

Donald Trump
Mason Lawrence / Shutterstock

Almost in the same breath, reality seemed to sink in.

Political promises about the local economy often sound great on a debate stage.

But when everyday grocery bills start climbing, leaders suddenly find themselves forced to rewrite their own rulebooks.

The checkout counter rarely cares about campaign slogans.

A rapid pivot

President Donald Trump recently shared some bold thoughts on global trade. Sitting in the Oval Office, he argued that closing borders to foreign goods could actually generate massive wealth for the country.

According to the Irish Star, he floated the idea of completely severing ties with unnamed trading partners. He stated, “We don’t need their product. We really don’t need their product. So if we cut off trade with that country, we just made $40 billion.”

The president went on to say, “We do a few countries like that, and we become a big money machine.”

Yet almost in the same breath, reality seemed to sink in. When a reporter asked if he might actually import more consumer goods to fight soaring checkout prices, Trump simply replied, “It could.”

The grocery gap

This apparent flip-flop comes just after the administration introduced a controversial plan to import cheap foreign beef. The move temporarily opens the gates for up to 300,000 metric tons of ground beef to enter the country duty-free.

Trump promised this would deliver a massive discount for shoppers. Meat prices have skyrocketed lately due to domestic cattle shortages and steep new tariffs on foreign suppliers.

The administration recently slapped massive taxes on goods from Canada and Brazil. Now, the government is scrambling to find a way to lower the cost of a basic family dinner before the upcoming midterm elections.

Pushback from home

The duty-free meat plan has sparked fierce anger from conservative lawmakers and rural farming communities. They argue that flooding the market will devastate local farming families.

Senator Deb Fischer issued a public statement pushing back on the pivot. She said, “We all want lower grocery prices, but as I’ve said for months, we cannot do it at the expense of American producers.”

Trump attempted to calm the growing outrage on Friday evening. Addressing reporters, he said, “I love the ranchers; they’ve done a fantastic job. But they admit that we need a little help, and, in order to get the prices down, so that’s what we’re doing.”

Farming advocates remain completely unconvinced by the explanation. US Cattlemen’s Association President Justin Tupper noted in a statement published by the Irish Star, “You don’t put America first by putting U.S. cattle producers last.”

Sources: The Irish Star, The Lincoln Project

Ads by MGDK