{"id":380,"date":"2026-05-24T19:39:46","date_gmt":"2026-05-24T19:39:46","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=380"},"modified":"2026-05-24T19:39:46","modified_gmt":"2026-05-24T19:39:46","slug":"ceo-has-had-enough-of-trumps-big-scheme-to-save-the-us-economy","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=380","title":{"rendered":"CEO has ‘had enough’ of Trump’s big scheme to save the US economy"},"content":{"rendered":"
\n

President Donald Trump\u2019s tariffs are wrecking America\u2019s economy, a conservative wrote on Sunday \u2014 and it is doing so in the way he said they would help.<\/p>\n

Read more Trump doesn\u2019t care if you\u2019re angry: report<\/a><\/p>\n

\u201cTrump\u2019s trade wars have jeopardized the jobs of the hundreds of Americans whom Weyco actually does employ, in those twenty-first-century jobs that the United States excels at creating,\u201d The Bulwark\u2019s Catherine Rampell wrote, referring to the footwear company that distributes Trump\u2019s favorite Florsheim shoes. Last week Rampell interviewed the CEO of Florsheim, who broke down how his company has suffered due to Trump\u2019s tariffs. After breaking down how tariffs on Weyco shoes \u201creached as high as 161 percent. Which adds up,\u201d Rampell explained how Thomas Florsheim decided he had \u201chad enough\u201d when his company was hit by a surprise tariff bill of over $1 million last December, prompting his company to sue the Trump administration.<\/p>\n

Now that Trump has been ordered by the courts to reimburse companies that were forced to pay illegal tariffs, Rampell analyzed the fallout \u2014 which has been quite messy.<\/p>\n

\u201cMost companies I\u2019ve spoken with in recent weeks have indeed decided to claim what\u2019s theirs,\u201d Rampell wrote. \u201cIn part, they\u2019re hoping for safety in numbers: More than 300,000 importers of record are eligible for refunds. Surely, they reason, Trump\u2019s Customs and Border Protection agency can\u2019t audit all of them.\u201d<\/p>\n

She added, \u201cPlus, for some firms, filing for a refund felt like something of a civic victory\u2014the triumph of the rule of law over an imperialistic president who had been arbitrarily swiping money from companies and consumers.\u201d As one midsized fashion brand CEO confidentially told Rampell, \u201cI would like [the] rule of law to win the day. Capitalism exists by the permission and structure of democracy. But there\u2019s a reason I\u2019m not speaking out publicly. Like, my board of directors would have a heart attack if I was speaking out publicly about it.\u201d<\/p>\n

By contrast, the Balkan plum brandy importer Stephen Chamberlin is applying for the refunds because he risks going out of business if he does not.<\/p>\n

\u201cThe tariff threw us way into the red last year,\u201d Chamberlin told Rampell. \u201cNever even occurred to me not to apply. That $19,000 is just too important to us.\u201d<\/p>\n

Yet even though some of the companies illegally tariffed by Trump will get compensated, this does not mean the negative ramifications of Trump\u2019s tariffs will dissipate too.<\/p>\n

Read more Steve Schmidt\u2019s issues stark warning: Trump is laughing at us<\/a><\/p>\n

\u201cThe ongoing trade uncertainty\u2014plus Iran war\u2013related cost spikes, and various erratic market interventions from this president\u2014suggest that the tariff refunds trickling out may be less of an economic tailwind than once seemed possible,\u201d Rampell wrote. \u201cMultiple companies told me they\u2019re not planning to use their tariff rebates to expand or hire because they needed it to patch holes in their balance sheet. Or they planned to sock the funds away just in case their tariff rates surged again.\u201d<\/p>\n

She continued, \u201cIronically, this lack of clarity about the tariff landscape may also be discouraging firms from reshoring manufacturing\u2014Trump\u2019s stated goal\u2014because they too don\u2019t know what their costs will be.\u201d<\/p>\n

Other conservatives have also blasted Trump\u2019s tariffs for their economic impact. Writing for The Wall Street Journal last month, former Sen. Phil Gramm (R-Texas) and Donald J. Boudreaux, a professor of economics at George Mason University argued that \u201cif the economy was ‘dead’ in 2024, there’s no evidence Mr. Trump’s tariffs have brought it back to life,\u201d adding that when he announced his tariffs \u201cmost economists predicted that the economy’s performance would be negatively affected. Thus far data overwhelmingly indicate that is what has happened.”<\/p>\n

Additionally, they shared Rampell\u2019s analysis that the tariffs have in no way helped revitalize manufacturing in the United States.<\/p>\n

“The world isn’t deglobalizing,\u201d Gramm and Boudreaux explained. \u201cIt’s reglobalizing around partners who commit to rules rather than those who wield tariffs like a club.” To prove this, they cite how “in 2025 the pace of losing manufacturing jobs accelerated to 1.2%, faster than the decline in 2024 of 0.7%. In 2017 manufacturing jobs actually increased by 0.7%.”<\/p>\n

Mona Charen, another pundit for The Bulwark, warned in February that Trump\u2019s tariffs may even contribute to Republican losses in the 2026 midterm elections.<\/p>\n

\u201cVoters are rarely able to connect policy to outcomes, but they have done so in the case of tariffs,\u201d Charen wrote. \u201cBack in 2024, Americans were about equally divided on the question of trade, with some favoring higher tariffs and roughly similar numbers opting for lower tariffs. Experience has changed their views.\u201d<\/p>\n

Read more A tangled maze of ties uncovers Trump\u2019s true masters \u2014 and his treachery<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump\u2019s tariffs are wrecking America\u2019s economy, a conservative wrote on Sunday \u2014 and it is doing so in the way he said they would help.\u201cTrump\u2019s trade wars have jeopardized the jobs of the hundreds of Americans whom Weyco actually does employ, in those twenty-first-century jobs that …<\/p>\n","protected":false},"author":1,"featured_media":379,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nCEO has 'had enough' of Trump's big scheme to save the US economy - Next Address America<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextaddressamerica.com\/?p=380\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEO has 'had enough' of Trump's big scheme to save the US economy - 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