Barnes: Better trade deals for northern Carolini means exclusion of insignificant industries – North State Journal

Now that Donald Trump has taken the oath, expectations are high among his supporters in North Carolina and across the country. These supporters are eager to clean the mess left by his predecessor. I hope that his next four years of service will be an economic wind for the nation, and Trump can do this in reality through strategic, reasonable economic policies.

A decisive step that Trump promised on the way to prosperity involves negotiating better commercial transactions. Like any good deal, pragmatism should be included, especially with regard to President’s tariffs for China, Canada and Mexico. As the author of The Art of the Deal, Trump is the person we want at the negotiating table.

He is right to insist on a more just play with these trading partners. However, unless some industries are excluded, there is a risk of forcing higher prices for families in North Carolina only with tariffs.

Inflation is not a joke in North Carolina; A survey by High Point University found that 52% of residents claim that inflation concerns affect their cost solutions. Price increases due to tariffs would harm the northern Carolini that are trying to restore their lives and finances, many of which voted for Trump in the fall.

We have already seen evidence that Trump is looking closely at the best to achieve his desired results on issues from all over the country without negatively affecting everyday Americans. Tariffs do not differ and it is clear that Trump wants to use tariffs to achieve his goals without harming regular, non -construction consumer goods.

Excluding non -essential sectors that do not pose a security threat to the United States, it significantly reduces the risk of pricing for Americans who have suffered enough payments for expensive goods. Toys, for example, are made mainly in China and Mexico, before being exported to the United States, these countries have infrastructure to deliver safe, cheap and quality toys.

A wide tariff policy can easily raise these prices for families here. Toys are not the strategic industry that Trump continues, but the lining tariffs can delete small businesses and increase prices of more famous brands, leaving consumers with fewer options and higher prices.

This scenario contradicts Trump’s campaign promises to reduce prices for US consumers. Children and small retailers should not be caught in the cross -fire of trade war, but only the application of tariffs for sectors with high bets can not ensure that such a result never happens.

Trump won North Carolina tightly because voters are confident that he will handle the economy stabilization. I firmly believe in better trade deals to help achieve this, just as the president will do the right thing and apply his tariffs reasonably in negotiations.

Brandon Barnes is CEO of Capital Games LLC at Raleigh.