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Daily Bread for 2.10.25: Tariffs Won’t Solve America’s Fentanyl Addiction

Good morning.

Monday in Whitewater will be windy with a high of 29. Sunrise is 6:58 and sunset is 5:20, for 10 hours, 22 minutes of daytime. The moon is a waxing gibbous with 95.6 percent of its visible disk illuminated.

Whitewater’s Plan & Architectural Review Commission meets at 6 PM.

On this day in 1906,  HMS Dreadnought, the first of a revolutionary new breed of battleships, is christened.


In Whitewater, in Wisconsin, and across America, there are people addicted to fentanyl. Tariffs won’t relieve them of their addiction:

Americans consume more illicit drugs per capita than anyone else in the world; about 6% of the U.S. population uses them regularly. 

….

One such drug, fentanyl – a synthetic opioid that’s 50 to 100 times more potent than morphine – is the leading reason U.S. overdose deaths have surged in recent years. While the rate of fentanyl overdose deaths has dipped a bit recently, it’s still vastly higher than it was just five years ago.

Ending the fentanyl crisis won’t be easy. The U.S. has an addiction problem that spans decades – long predating the rise of fentanyl – and countless attempts to regulatelegislate and incarcerate have done little to reduce drug consumption. Meanwhile, the opioid crisis alone costs Americans tens of billions of dollars each year.

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America’s experiments with tariffs can be traced back to the founding era with the passage of the Tariff Act of 1789. This long history has shown that tariffsindustrial subsidies and protectionist policies don’t do much to stimulate broad economic growth at home – but they raise prices for consumers and can even lead to global economic instability. History also shows that tariffs don’t work especially well as negotiating tools, failing to effect significant policy changes in target countriesEconomists generally agree that the costs of tariffs outweigh the benefits.

Over the course of Trump’s first term, the average effective tariff rate on Chinese imports went from 3% to 11%. But while imports from China fell slightly, the overall trade relationship didn’t change much: China remains the second-largest supplier of goods to the U.S. 

The tariffs did have some benefit – for Vietnam and other nearby countries with relatively low labor costs. Essentially, the tariffs on China caused production to shift, with global companies investing billions of dollars in competitor nations.

This isn’t the first time Trump has used trade policy to pressure China on fentanyl– he did so in his first term. But while China made some policy changes in response, such as adding fentanyl to its controlled substances list in 2019, fentanyl deaths in the U.S. continued to rise. Currently, China still ranks as the No. 1 producer of fentanyl precursors, or chemicals used to produce illicit fentanyl. And there are others in the business: India, over that same period, has become a major producer of fentanyl.

See Rodney Coates, Why Trump’s tariffs can’t solve America’s fentanyl crisis, The Conversation, February 1, 2025.

Drug War or Trade War: prohibition has been and will be futile against addiction. Domestic demand seeks supply, whether that supply is produced on this continent or elsewhere.


More on tariffs, apart from supposed drug reduction: Metals tariffs ‘will have significant cost’ for US:

US President Donald Trump said he will introduce new 25% tariffs on all steel and aluminum imports into the US, in a major escalation of his trade policy overhaul. Economist Vicky Pryce of CEBR talks about the impact his announcement will have on trade.

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