{"id":21482,"date":"2025-04-10T16:04:48","date_gmt":"2025-04-10T20:04:48","guid":{"rendered":"https:\/\/jimbovard.com\/blog\/?p=21482"},"modified":"2025-04-16T19:24:16","modified_gmt":"2025-04-16T23:24:16","slug":"trumps-fair-trade-offal","status":"publish","type":"post","link":"https:\/\/jimbovard.com\/blog\/2025\/04\/10\/trumps-fair-trade-offal\/","title":{"rendered":"Trump\u2019s \u201cFair Trade\u201d Offal"},"content":{"rendered":"<div class=\"prose max-w-none prose-headings:text-misesBlueDark first:prose-p:mt-0 first:prose-ol:mt-0 first:prose-ul:mt-0 first:prose-h2:mt-0 first:prose-h3:mt-0 first:prose-figure:mt-0 prose-th:font-bold prose-figure:my-1 prose-img:my-1 hover:prose-a:no-underline article-body prose-ul:mt-0 prose-ul:inline-block prose-ol:mt-0 prose-ol:inline-block prose-p:mt-0\" data-component-id=\"mises:atom-body-copy\" data-once=\"atomBodyCopy\">\n<div>\n<h1><a href=\"https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/Trump-USTR-on-Tariff-War-April-2025.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-21483\" src=\"https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/Trump-USTR-on-Tariff-War-April-2025-1024x389.jpeg\" alt=\"\" width=\"1024\" height=\"389\" srcset=\"https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/Trump-USTR-on-Tariff-War-April-2025-1024x389.jpeg 1024w, https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/Trump-USTR-on-Tariff-War-April-2025-800x304.jpeg 800w, https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/Trump-USTR-on-Tariff-War-April-2025-150x57.jpeg 150w, https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/Trump-USTR-on-Tariff-War-April-2025-768x292.jpeg 768w, https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/Trump-USTR-on-Tariff-War-April-2025-1536x583.jpeg 1536w, https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/Trump-USTR-on-Tariff-War-April-2025.jpeg 1806w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/h1>\n<h1 class=\"text-4xl font-crimson text-misesGreyDark [text-wrap:balance] md:text-5xl lg:text-6xl mb-4\"><a href=\"https:\/\/mises.org\/mises-wire\/trumps-fair-trade-offal\">Trump\u2019s \u201cFair Trade\u201d Offal<\/a><\/h1>\n<p>by James Bovard, April 10, 2025<a href=\"https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2014\/06\/Logo-Mises-Institute.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-7180\" src=\"https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2014\/06\/Logo-Mises-Institute.jpg\" alt=\"\" width=\"200\" height=\"100\" srcset=\"https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2014\/06\/Logo-Mises-Institute.jpg 200w, https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2014\/06\/Logo-Mises-Institute-150x75.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><\/p>\n<p>\u201cFor decades, our country has been looted, pillaged, raped, and plundered by nations near and far, both friend and foe alike,\u201d President Trump declared last week when he proclaimed a national emergency and imposed the highest tariffs since the Smoot-Hawley Act of 1930. US stock markets lost more than $6 trillion in value and fierce controversies are raging over whether Trump is rescuing or ruining the economy. But the new U.S. tariff regime is a glorious success because &#8220;these countries are calling us up, <strong><a href=\"https:\/\/x.com\/atrupar\/status\/1909764953780728060\">kissing my ass<\/a><\/strong>,&#8221; President Trump boasted on <span id=\"OBJ_PREFIX_DWT169_com_zimbra_date\" class=\"Object\" role=\"link\"><span id=\"OBJ_PREFIX_DWT178_com_zimbra_date\" class=\"Object\" role=\"link\">Tuesday<\/span><\/span> evening.<\/p>\n<p>Commerce Secretary Howard Lutnick said Trump\u2019s penalty tariffs are \u201cthe reordering of fair trade.\u201d Secretary of Treasury Scott Bessent declared, \u201cFor the first time in decades \u2014 probably since I was a college student \u2014 we\u2019re going to see fair trade.\u201d<\/p>\n<p>Last week, the US Trade Representative (USTR) released its 377-page annual report on <a href=\"https:\/\/ustr.gov\/sites\/default\/files\/files\/Press\/Reports\/2025NTE.pdf\" target=\"_blank\" rel=\"noopener\">Foreign Trade Barriers<\/a>, exhaustively recapping abuses by each nation cheating America.<strong> Luckily for the Trump administration, media fact checkers almost completely ignored the wildly-slanted report.<\/strong><\/p>\n<p><strong>But one of the most high-profile cases illustrates the absurdity of Trump\u2019s latest fair trade definitions.<\/strong><\/p>\n<p>USTR stated that most \u201cUS exports to Vietnam face tariffs of 15 percent or less.\u201d But in the Rose Garden ceremony, Trump touted a chart stating that Vietnam\u2019s \u201cTariffs Charged to U.S.A.\u201d was <a href=\"https:\/\/www.newsweek.com\/trump-reciprocal-tariff-chart-2054514\" target=\"_blank\" rel=\"noopener\">90 percent<\/a>. Trump set penalty tariffs at only half the assessed tariff on the US because he wanted to be \u201ckind\u201d; Vietnam\u2019s exports were kindly walloped with a 46 percent tariff. Trump declared that each nation\u2019s tariff was based on \u201cthe <a href=\"https:\/\/www.nytimes.com\/2025\/04\/03\/business\/economy\/trump-tariffs-trade.html\" target=\"_blank\" rel=\"noopener\">combined rate of all their<\/a> tariffs, non-monetary barriers and other forms of cheating.\u201d<\/p>\n<p>Last Friday, Trump announced that he had spoken with the General Secretary of the Communist Party of Vietnam and Vietnam \u201cwants to cut <a href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/business\/economy\/trump-sounds-defiant-note-as-tariffs-roil-markets-again.html\" target=\"_blank\" rel=\"noopener\">their tariffs down<\/a> to ZERO if they are able to make an agreement with the US.\u201d But Peter Navarro\u2014Trump\u2019s top trade adviser\u2014scoffed at the offer: \u201cWhen they come to us and say, we\u2019ll go to zero tariffs, that means nothing to us, because it\u2019s <a href=\"https:\/\/www.cnbc.com\/2025\/04\/07\/peter-navarro-says-vietnams-0percent-tariff-offer-is-not-enough-its-the-non-tariff-cheating-that-matters.html\" target=\"_blank\" rel=\"noopener\">the non-tariff cheating that<\/a> matters.\u201d<\/p>\n<p>And what are the supposedly outrageous Vietnamese non-tariff barriers? The USTR report castigated Vietnam for its refusal to import \u201csecond hand consumer goods; used parts for vehicles; used internal combustion engines of less than 30 horsepower\u2026and refurbished medical devices.\u201d Does the Trump administration actually believe it can close the trade deficit with Vietnam by shipping them our used lawn mowers, rattletrap transmissions for old Fords, and leftover syringes?<\/p>\n<p>Ethanol supposedly exemplifies Vietnamese unfair trade barriers. USTR complained that Vietnam \u201conly allows blends of 5 percent ethanol in one of its three grades of gasoline.\u201d The US government is pressuring Vietnam for \u201cthe eventual migration to a 10 percent ethanol blend.\u201d Ethanol is a poor source of fuel compared to gasoline and it <a href=\"https:\/\/e360.yale.edu\/features\/the_case_against_ethanol_bad_for_environment\" target=\"_blank\" rel=\"noopener\">pollutes the air<\/a>. Ethanol is notorious for <a href=\"https:\/\/www.bellperformance.com\/blog\/how-to-protect-your-car-from-ethanol-damage\" target=\"_blank\" rel=\"noopener\">damaging car engines<\/a> in this nation.<\/p>\n<p>But the US has plenty of ethanol to export because its production has been heavily subsidized since the 1970s. Last week, the Trump administration <a href=\"https:\/\/www.weareiowa.com\/article\/news\/agriculture\/us-agriculture-secretary-brooke-rollins-visits-iowa-first-time-monday-gov-kim-reynolds-biofuel-usda\/524-d65ba5d5-f7fb-4aa3-b6c7-23475c465e88\" target=\"_blank\" rel=\"noopener\">announced $537 million in<\/a> new subsidies for biofuels production. But browbeating Vietnam to purchase more ethanol subsidized by the US government is a victory for fair trade because God wants Iowa corn farmers to be rich.<strong> Condemning foreigners for not purchasing exports subsidized by the US government epitomizes the hypocrisy of Trump-style fair trade.<\/strong><\/p>\n<p>The Trump administration is also indignant that Vietnam bans US \u201cwhite offal,\u201d including<strong> \u201c<\/strong>poultry gizzards and beef and pork stomach and intestines.\u201d The US government insists that Vietnam lacks a \u201cscience-based justification for not approving new US facilities seeking to export offals.\u201d Offals can be <a href=\"https:\/\/www.google.com\/search?client=firefox-b-1-d&amp;q=offals+health+contamination\" target=\"_blank\" rel=\"noopener\">contaminated<\/a> by Salmonella, mycotoxins, parasites, and heavy metals.<\/p>\n<p>The US government offal enthusiasm doesn\u2019t extend to haggis, the traditional Scottish dish which has been <a href=\"https:\/\/www.foodrepublic.com\/1415365\/why-haggis-banned-us\/\" target=\"_blank\" rel=\"noopener\">banned from import<\/a> since 1971. Haggis relies on sheep lungs, which the US Department of Agriculture considers a high risk of spreading food-borne illnesses.<\/p>\n<p>But even if Vietnam bought all the used lawn mowers and all the butcher shop leftovers in America, there would likely still be a big trade deficit between the two nations. The Trump penalty tariffs were largely derived from a simplistic formula that took \u201cthe trade deficit that America runs with that nation and dividing it by the exports that country sent\u201d to the US, as the <a href=\"https:\/\/www.nytimes.com\/2025\/04\/02\/business\/economy\/trump-tariff-rates-calculation.html\" target=\"_blank\" rel=\"noopener\"><em>New York Times<\/em><\/a> explained.<\/p>\n<p>A Trump administration official declared that the penalty tariffs were \u201cbased on the concept that the trade deficit that we have with any given country is the sum of all unfair trade practices, the sum of all cheating.\u201d Regrettably, the administration has provided no evidence to buttress that assertion. Trump declared on Sunday that as long as trade deficits persist, so, too, will the penalty tariffs.<\/p>\n<p><strong>Basing penalty tariffs on trade flow data is like a federal judge sentencing a criminal based on the weight of the defendant, not on the actual offense he committed.<\/strong> But it doesn\u2019t matter if Trump\u2019s proclamations have zero intellectual or moral credibility.\u00a0<strong>His declaration of an emergency sufficed to vastly increase his arbitrary power over the American economy.<\/strong><\/p>\n<p><strong>Trump\u2019s decrees vivify how \u201cfair trade\u201d means a moral canonization of pure political arbitrariness. The ultimate basis is that fair trade is whatever politicians say it is\u2014at least until they revise the definition of fairness. Will Trump explain why making foreign trade totally dependent on presidential decrees is a triumph of fairness?<\/strong><\/p>\n<p>On Sunday evening, Trump <a href=\"https:\/\/nypost.com\/2025\/04\/06\/us-news\/trump-stands-by-far-reaching-tariffs-calling-them-beautiful-thing-to-behold-as-stock-futures-plummet\/\" target=\"_blank\" rel=\"noopener\">proclaimed<\/a>: \u201cSome day people will realize that Tariffs, for the United States of America, are a very beautiful thing!\u201d <strong>How much will Americans be forced to pay for Trump\u2019s tariff salvation scheme?<\/strong> Never forget Sen.\u00a0James Beck\u2019s 1884 warning: \u201cThe tariff is the protection the wolf gave the lamb.\u201d<\/p>\n<p><a href=\"https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/fair-trade-fraud-and-torpedo-67468publicdomain.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-21477\" src=\"https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/fair-trade-fraud-and-torpedo-67468publicdomain-1024x649.jpg\" alt=\"\" width=\"1024\" height=\"649\" srcset=\"https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/fair-trade-fraud-and-torpedo-67468publicdomain-1024x649.jpg 1024w, https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/fair-trade-fraud-and-torpedo-67468publicdomain-800x507.jpg 800w, https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/fair-trade-fraud-and-torpedo-67468publicdomain-150x95.jpg 150w, https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/fair-trade-fraud-and-torpedo-67468publicdomain-768x487.jpg 768w, https:\/\/jimbovard.com\/blog\/wp-content\/uploads\/2025\/04\/fair-trade-fraud-and-torpedo-67468publicdomain.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump\u2019s \u201cFair Trade\u201d Offal by James Bovard, April 10, 2025 \u201cFor decades, our country has been looted, pillaged, raped, and plundered by nations near and far, both friend and foe alike,\u201d President Trump declared last week when he proclaimed a national emergency and imposed the highest tariffs since the Smoot-Hawley Act of 1930. US stock [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[215,4515,4521,4514,4519,494,4520,443,708,4517,4518,4516,121],"class_list":["post-21482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-ethanol","tag-haggis","tag-lutnick","tag-offal","tag-peter-navarro","tag-protectionism","tag-scott-bessent","tag-tariffs","tag-trump","tag-u-s-trade-representative","tag-used-lawnmowers","tag-ustr","tag-vietnam"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump\u2019s \u201cFair Trade\u201d Offal - James Bovard<\/title>\n<meta name=\"description\" content=\"Trump&#039;s penalty tariffs on foreign nations are arbitrary, hypocritical, and boneheaded\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jimbovard.com\/blog\/2025\/04\/10\/trumps-fair-trade-offal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s \u201cFair Trade\u201d Offal - 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