Daily News Article - April 4, 2025
TARIFF: a tariff is a tax imposed on goods when they are imported (brought into) a country
Answer the questions from each of the sections of the White House Fact Sheet:
1. PURSUING RECIPROCITY [similar or equal treatment] TO REBUILD THE ECONOMY AND RESTORE NATIONAL AND ECONOMIC SECURITY
a) What is the purpose of President Trump's order implementing responsive tariffs on other countries?
b) Under what law is President Trump imposing his authority to implement the tariffs?
c) How long will the tariffs remain in effect?
d) How will the U.S. react if a trading partner country retaliates against our attempt to "level the playing field" - or if a partner takes significant steps to remedy non-reciprocal trade arrangements and align with the United States?
2. TAKING BACK OUR ECONOMIC SOVEREIGNTY
a) For what 3 reasons does President Trump believe the tariffs are necessary?
b) Why do U.S. companies have uneven trade with European companies?
c) What do the tariffs seek to address in the U.S. economy?
d) In what 3 ways does reciprocal trade put America first?
3. REPRIORITIZING U.S. MANUFACTURING
a) Why is it important to increase domestic manufacturing?
b) How has our increased reliance on foreign products affected the U.S. supply chain?
c) How many manufacturing jobs did Americans lose from 1997 to 2024?
4. ADDRESSING TRADE IMBALANCES
a) What is the comparison between what the U.S. charges in tariffs compared to what other countries charge us for products like passenger vehicle imports, networking switches and routers, ethanol, rice and apples?
b) What is the purpose of non-tariff barriers?
c) Read through the bullet points listing out some of the non-tariff barriers countries impose on the U.S. Do you agree with President Trump's efforts to try to level the playing field through reciprocal tariffs to help American businesses? Explain your answer.
5. THE GOLDEN RULE FOR OUR GOLDEN AGE
a) What is "the Golden Rule for Our Golden Age"?
6. TARIFFS WORK
a) What conclusion did the Economic Policy Institute make about the tariffs President Trump implemented during his first term?
b) What did Former Biden Treasury Secretary Janet Yellen say last year about tariffs and prices?
7. There is a lot of criticism and concern in the media about President Trump's tariffs. It is important for you to understand the issue for yourself and come to your own conclusion. Talk to a parent about their view on tariffs.
Media opposed to the Trump tariffs generally include: CNN, CNBC, CBS, ABC, NBC, MSNBC, The New York Times, the Associated Press at many regional news stations and newspapers, Reuters, BBC, Newsweek... plus, most/all Democrats in Congress.
Media that support the tariffs include some on Newsmax, Fox News, conservative radio talk show hosts... plus, Republicans in Congress except for Sen. Mitch McConnell and a few others.
Watch the videos under "Resources" below. Check out several news reports for yourself.
What do you think? Does President Trump's plan to "Make America Wealthy Again" have a chance of succeeding? or will it ruin our economy?