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    Home»Black Economics»Tariffs Are Not the Problem — Misunderstanding Trade-Offs Is
    Black Economics

    Tariffs Are Not the Problem — Misunderstanding Trade-Offs Is

    DAMON K JONESBy DAMON K JONESAugust 4, 2025No Comments6 Mins Read
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    Tariffs have long been a four-letter word in elite economic circles. We’re told they are outdated, counterproductive, and inherently harmful to the consumer. But like most narratives shaped by academic orthodoxy, the debate around tariffs is rarely about logic and almost never about outcomes. It is about emotion, ideology, and convenience. And when that’s the basis of policy, the American worker always pays the price.

    Let’s start with the facts. In 2025 alone, tariff revenue under the Trump administration has exceeded $150 billion by midyear. That’s not theoretical revenue. It’s real money—collected, banked, and available for federal use without raising income taxes a single cent. So much for the claim that tariffs “don’t work.”

    But to evaluate tariffs honestly, we must acknowledge what economist Thomas Sowell spent a lifetime teaching: there are no solutions, only trade-offs. The question is not whether tariffs are good or bad, but who benefits, who pays, and what is gained in the process.

    Under the old system, we pursued free trade at any cost. China became the factory floor of the world, and American towns became ghost towns. Entire industries were gutted. Wages stagnated, family formation collapsed, and millions were left behind—all in exchange for cheap consumer goods. No one questioned whether that trade-off made moral or economic sense.

    Now, under Trump’s tariff policy, the trade-off has shifted. Importers pay more. Certain goods—yes, particularly electronics, vehicles, and some foods—are more expensive. But in return, we gain strategic independence, revive domestic production, and force adversarial nations to the bargaining table. We are no longer subsidizing our own decline. And while the price tag is visible at the checkout line, the benefits are embedded in national strength.

    The critics claim that consumers are hurt. But what they ignore is that the consumer is also the worker. And the American worker has been hurting for decades—not from tariffs, but from policies that prioritized global efficiency over national resilience. If tariffs raise the price of a flat-screen TV by $50 but help protect 500,000 jobs in industrial supply chains, is that not a rational exchange?

    The real danger is not the tariff—it is failing to understand the trade-offs. Critics lament higher prices but say nothing about the price of dependence on China for medicine, semiconductors, or energy. They complain about retaliatory tariffs on soybeans but remain silent on decades of trade imbalances that enriched the CCP and hollowed out the Midwest.

    Economics, as Sowell said, is about thinking beyond stage one. Tariffs are not about punishing other countries. They are about using economic tools to serve national interests. They are imperfect—but so is the myth of free trade in a world of subsidies, espionage, and geopolitical rivalry.

    We do not live in an academic simulation. We live in a world of imperfect choices. In that world, tariffs are a tool—not a panacea, but a pivot. And if used wisely, they can help build an America that produces again, that negotiates from strength, and that places its citizens—not foreign diplomats or Wall Street fund managers—at the center of its economic policy.

    The real question is not whether tariffs are ideal. The question is whether we have the courage to accept the trade-offs that come with national self-interest. That is a conversation worth having. And it’s long overdue.

    What It All Means for Black America

    For decades, Black America has stood at the center of the nation’s moral conscience but remained on the margins of its economic power. We’ve led the cultural shifts, fueled the labor force, and anchored the vote—yet when wealth moves, we’re often positioned as spectators instead of stakeholders. The economic changes taking place in 2025 present a new reality. This time, the structure of the economy is shifting—not through promises or programs, but through policy: tariffs, trade realignment, and the return of domestic industry. The only question now is whether Black America is ready to pivot with it.

    Tariffs are not just taxes on goods. They are leverage. They are strategy. They are a message to the world that America is reassessing its dependencies and rebuilding from the inside out. These shifts are already reshaping the flow of capital, labor, and investment. And as the rules of the global game change, so do the opportunities—especially for those who’ve long been shut out.

    This moment could mark the beginning of a new economic era for Black America—if we’re prepared to seize it.

    It means we must move from being defined by consumption to being driven by production. From chasing cultural recognition to building economic capacity. From following political trends to setting the terms of engagement. It means redirecting our institutions—our churches, our nonprofits, our schools—toward enterprise development, skilled trades, and supply chain ownership.

    It means investing in logistics, agriculture, real estate, construction, and small-scale manufacturing—sectors that benefit directly from this new tariff-based economy. It means identifying the industries that are reshoring and carving out a place at the table—not by asking, but by showing up with capital, strategy, and capacity.

    Yes, there will be trade-offs. Higher prices in some areas. Disruption in others. But there is also opportunity—if we’re willing to think differently. This is not about whether you like Trump or oppose him. This is about recognizing that the game has changed, and sitting on the sidelines out of protest will not stop the momentum—it will just leave us behind again.

    Economic power isn’t given. It’s built. And right now, America is being rebuilt. That means contracts, jobs, and ownership will shift. The only question is whether they shift to communities prepared to act—or to those waiting for someone else to deliver justice.

    Black America doesn’t need permission to build. We need alignment, coordination, and clarity. The opportunities created by these trade policies will not last forever. Other communities—immigrant, rural, multinational—are already moving. We have no time to waste on distractions, internal division, or ideological purity.

    The window is open. The question is not whether the system is unfair—it is and has been. The real question is whether we’re prepared to operate within the new landscape with purpose and precision.

    This is not the revolution we asked for. But it might be the door we’ve been waiting to walk through. And if we don’t—others will.

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    DAMON K JONES

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