Trump to #GlobalGreatLakes: Drop Dead
+ "The trouble with tariffs, to be succinct, is that they raise prices, slow economic growth, cut profits, increase unemployment, worsen inequality, diminish productivity, and increase global tensions. Other than that, they’re fine." -- David Kelly, Chief Global Strategist @ JP Morgan Asset Management
In today's interconnected global economy, the promise of protection through isolation is more a mirage than salvation. Sure, a policy of protectionism is good politics, but it is poor economics.
President Trump's push toward aggressive tariff policies signals troubling times ahead for those living and working in the Global Great Lakes region—where economic prosperity depends on seamless cross-border collaboration.
The economic ecosystem spanning the US-Canadian border isn't just about trade statistics; it's about real communities whose livelihoods depend on manufacturing supply chains that crisscross international boundaries. Our region has flourished precisely because of the symbiotic relationship between manufacturing, agriculture, and global trade.
History has repeatedly shown that trade partners rarely absorb tariffs passively. Nations defending their economic sovereignty respond with countermeasures, creating a cascade effect that amplifies economic downsides far beyond feel-good talk and political talking points that Trump administration staffers spout to friendly media outlets.
Trump's economic policies threaten the Global Great Lakes region.
These policies aren't abstract. These policies translate directly to:
- Higher costs for manufacturers who rely on imported components
- Restricted market access for agricultural exports
- Disrupted supply chains that took decades to optimize
- Diminished competitiveness in global markets
Because of Trump's tariffs, businesses, entrepreneurs, and consumers now face increased friction and economic hardship instead of the promised protection. The policies that Trump administration staffers claim will revitalize manufacturing will now stifle growth and undermine the financial security of those living and working in this interconnected region.
The Global Great Lakes economy wasn't built on isolation but on collaboration. The region's strength comes from leveraging comparative advantages across borders, not erecting barriers between partners.
Business and civic leaders must advocate for commonsense trade policies recognizing regional economic realities.
The future of communities in the Global Great Lakes depends not on divisive economic nationalism but on recommitting to the cooperative approach that made our region an economic powerhouse in the first place.
Enjoy the ride + plan accordingly.
-Marc