Pretty sure nobody said we were going to get rich with tariffs. I'm struggling to understand why people are okay with lopsided tariffs (all against the USA) and call it "fair trade".
MACS wrote:
He (Trump) has said it several times. It wouldn't be too hard to find- although investing time in searching and providing a link is one of my lowest priorities.
On tariffs, it isn't a
Yes or No choice. If it is decided to put a tariff up, it has to be welll thought out and applied smartly.
Following the path of Goal, Strategy, Tactics and Execution hasn't been the strong suit of the administration. And of course Diplomacy is a weakness.
A 10% tariff on every country? New Zealand has zero tariffs on US goods. They must have woke up with their morning coffee thinking
WTF?Reciprocal Tariffs make some sense. Starting a tariff war is a different story.
If you are looking for a read on how a tariff war can devolve into adverse outcomes, look up the Smoot-Hawley Tariff Act of 1930. Look not only at the act, look at the downstream economic consequences. It didn't create the Great Depression, however, it reduced international trade, it intensified economic hardships both domestically and globally. When other countries fought back, it led to a sharp decline in U.S. exports and imports, which strained the economy further.
Hoover (Republican) signed it into law. The economy contiued to tank, and it directly led 16 straight years of a Democrat being in the white house.
About a third of the country would love that. I wouldn't.
Edited by user
a year ago |
Reason: Not specified
