Secret Assets Owners
  • Investing
  • World News
  • Politics
  • Stock
  • Editor’s Pick
Editor's PickInvesting

President-Elect Trump Plans an Endless Tax on American Consumers as an Added Feature of the War on Drugs

by November 26, 2024
November 26, 2024

Jeffrey A. Singer

On November 25, the New York Times reported that President-elect Donald Trump intends to punish Americans by making them pay more for goods—including domestic manufacturing inputs—imported from Canada, China, and Mexico (our three largest trading partners) until the US wins the war on drugs. 

Trump ignores the fact that illicit drugs are largely smuggled by US citizens through legal border crossings and sold to US citizens. He also misses the fact that tariffs are taxes on American consumers, not on foreign countries. The governments of Canada, China, and Mexico do not write checks to the US Treasury when American consumers and manufacturers buy products that Canadians, Chinese, and Mexicans make and sell to them.

The Times reported that Trump believes China can do a better job stopping the flow of Chinese-made fentanyl precursors to the transnational drug cartels located in Mexico, where they synthesize fentanyl in underground labs. But fentanyl precursors also come from India, Myanmar, and other parts of Southeast Asia. If China cracks down on domestic precursor labs, that means increased business for dealers in those countries. Waging a war on drugs is like playing a game of whack-a-mole.

What’s more, cracking down on fentanyl precursors may hasten drug traffickers’ shift to nitazene trafficking. Nitazenes are more dangerous and potent than fentanyl. They are derived from benzimidazole, a chemical used to make a host of drugs ranging from antacids like omeprazole and pantoprazole to antifungal agents to blood pressure medicines. Isotonitazene (“iso”) has been detected in overdose toxicology studies in the US since 2019 and is causing a “second wave” drug crisis in the UK.

In 1983, President Ronald Reagan famously said:

We and our trading partners are in the same boat. If one partner shoots a hole in the boat, does it make sense for the other partner to shoot another hole in the boat? There are those who say yes, and call it getting tough. I call it getting wet–all over.

We must plug the holes in the boat of open markets and free trade and set sail again in the direction of prosperity. No one should mistake our determination to use our full power and influence to prevent anyone from destroying the boat and sinking us all.

President-elect Trump intends to shoot holes in the bottom of our boat until Canada, China, and Mexico some way, somehow, help us win the endless war on drugs. During his campaign, Trump pledged to get the US out of endless wars. Instead, he will make Americans pay an endless tax.

previous post
Putin’s ‘Fog of War’ missile confuses experts, but that’s his plan
next post
New Defending Globalization Essay Just in Time for Thanksgiving: “Globalization Helps Feed the World”

You may also like

Bank Capital Standards

July 3, 2025

Psychedelic Legalization

July 3, 2025

Freedom of Speech Is Worth Celebrating, as Europe...

July 3, 2025

Expanding Federal Involvement in Education Isn’t the Way...

July 3, 2025

American Craft Brewers Suffering Under Trump’s Tariffs

July 3, 2025

More NYC Corruption

July 3, 2025

Trump’s “Unimpeachable” Reputation

July 3, 2025

53 Percent Don’t Know Why We Declared Independence...

July 3, 2025

The Senate’s Big Beautiful Blunder Could Increase the...

July 2, 2025

Licensing Cartelists Say the Quiet Part Out Loud...

July 1, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns

    July 6, 2025
  • Democrats project doom and gloom, not celebration, with July 4 messages

    July 5, 2025
  • Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing

    July 5, 2025
  • Iran regime escalates repression toward ‘North Korea-style model of isolation and control’

    July 4, 2025
  • This July 4th, a family waits: American hostage’s father pleads for son’s freedom from Hamas terrorists

    July 4, 2025
  • About us
  • Contact us
  • Terms & Conditions
  • Privacy Policy

Copyright © 2025 SecretAssetsOwners.com All Rights Reserved.


Back To Top
Secret Assets Owners
  • Investing
  • World News
  • Politics
  • Stock
  • Editor’s Pick