Question from the reader:
I’m worried that President Trump’s increase in tariffs might ultimately lead to negative outcomes for us. What do you think?
Reflecting on President Trump’s Tariff Policy
Recently, there has been a lot of discussion about President Trump’s increase in tariffs. To be honest, I share some concern about what the ultimate outcome may be. Especially in the
current unstable economic climate, issues like inflation and recession come to mind.
Trump’s Perspective
Opinions on Trump’s policies are divided, but I find his “small government” philosophy intriguing. His attempt to control the economy through tariffs may indeed represent a new approach for the government. While tariffs can act as a brake on the economy, they are also a means for the government to directly influence economic policy. This contrasts with the traditional “big government” approach and feels somewhat refreshing. However, I do have some skepticism about whether raising tariffs will truly be effective. For ordinary citizens, rising prices could make life more difficult. In fact, I was recently shocked by the price increases while shopping at the supermarket. I couldn’t help but exclaim, “Have prices really gone up this much?”
The Relationship Between Tariffs and the Economy
While increasing tariffs may provide short-term benefits for businesses and investors, we need to think more deeply about how this directly affects consumers’ wallets and our daily lives. Although Trump suggests that globalization may threaten democracy, I question whether raising tariffs is the right solution. Additionally, we must not overlook the issue of consumption tax. The argument that Japan’s consumption tax strengthens the power of financial bureaucrats is certainly valid. When I think about how taxes are used, it leaves me feeling somewhat uneasy. Paying taxes is a given, but if the allocation of those funds isn’t transparent, there are many aspects that are hard to accept.
In Conclusion
Ultimately, we need to closely monitor whether Trump’s tariff policy will yield positive results for us. Economic policy is complex, and it’s challenging to make simple judgments about what is good or bad. However, we cannot ignore the impacts we feel in our daily lives. I would love to hear from readers about your thoughts on the recent economic situation and taxes. By sharing our opinions, we may deepen our understanding of these issues. Please feel free to write, no matter how small your thoughts may seem.
