Trump’s Tariffs Will Refill the Swamp
"During his first term,
Donald Trump promised to “drain the swamp.” That didn’t happen. Now he may actually do the opposite. If Mr. Trump succeeds in imposing across-the-board tariffs, the swamp will grow."
"The problem is that Mr. Trump’s tariff program would energize and empower these elites. By directing government to impose levies on allies and adversaries alike, he’d be giving more strength to the swamp monsters he’s supposed to be defeating.
"When Washington wants to impose new taxes, including tariffs, the companies and people who would be affected rush to trade associations, public-relations firms and lobbyists for help. These outfits then encourage their clients to make sizable donations to elected officials and their political-action committees. That doesn’t ensure the elected officials will take the company’s side, but it can often open their doors for access."
"We saw this play out in response to Mr. Trump’s tariffs during his first term. When he imposed strict steel and aluminum tariffs in 2018, thousands of U.S. companies lobbied the Commerce Department to end the tariffs or exempt their operations. Some companies exempted from the tariffs lobbied the Commerce Department to keep them in place on their competitors.
As his tariff regime expanded, the number of companies deploying lobbyists in Washington tripled.
According to the Journal, there were roughly 100 groups lobbying on tariff issues when Mr. Trump took office. By June 2018, there were nearly 450. Imagine how many more there will be if his second-term tariff program is as expansive as he’s promising."