Stephen Miller claims elites stole American prosperity through globalization

In a recent event attended by GOP Senate chiefs of staff, Stephen Miller defended President Donald Trump’s controversial tariff policy, referencing its implications during a time of market instability. The event took place as stock markets experienced significant declines following Trump’s announcement of universal tariffs on imported products, which was framed as ‘Liberation Day’ for the economy. The tariffs, which include a baseline 10 percent import tax and higher duties on specific countries, were met with skepticism from several Republican senators who feared negative repercussions for their electoral prospects. These concerns are grounded in historical precedents where previous tariff implementations led to substantial losses for the Republican Party. During his lecture, Miller argued that globalization has resulted in a loss of American prosperity, attributing it to elites' decisions that shipped manufacturing jobs overseas while burdening American consumers with additional costs. He emphasized that the tariffs would generate supposed long-term revenue, counteracting the sentiment that these measures are merely tactical negotiations instead of permanent structures. Miller's remarks, however, were met with some confusion and apprehension among GOP aides, who noted his arrogance during his lecture as markets continued to fall dramatically, erasing trillions in market value. As America navigates this turbulent economic landscape, the long-term effects of the tariffs, especially for the steel and aluminum industries, remain to be seen, raising questions about the actual feasibility and impact of Trump's trade policies.