Letter: Trade war overreaction

Published: 04-08-2025 2:15 PM

President Trump’s trade war is idiotic because he doesn’t understand his tariffs are paid for by American consumers and he will never understand. That being said, the rest of the world does not have to reciprocate. The only thing the other countries have to fear is loss of market share and that loss is years down the road since the U.S. won’t have factories built to make these products for many years and labor cost will make these products uncompetitive. Companies in these countries can also sell to the U.S. at their usual prices and make the usual profits because Trump’s tariffs only affect U.S. importers and customers. These countries also have the rest of the world to sell to at the nontariff prices. These other countries would compete with the U.S. with prices that are 25% to 50% lower.

Gary Ammerman

Concord

Yesterday's Most Read Articles

St. Paul’s School won’t reopen public access to Turkey Pond
Bow offers water to Hooksett plant, asks Concord to help fix its supply
Inside EFAs: How school vouchers have fueled a Christian school enrollment boom in New Hampshire
Goodwell Foods takes over Rustic Crust private label frozen pizza
‘Our hearts never forget’: Marguerite Moffet wants recognition for the sacrifices of NH veterans
New Concord apartments open in former First Congregational Church