Why Is The Tariff Issue Controversial?
Setting aside that it could depend on the size of the tariff and the product involved, if you stick to one proposal at a
My issue with the tariffs is we didn't do the subsidizing or in house support before they started cracking down. at least hel the manafuctuing of what we want to target tariff before we just do it "hoping" the countries play ball.
I guranee we will have 1/3 + of the countries meet trumps "demand" but I still think tehre should have been more foundation in place.
kind of like bidens intel support or what trump did even firther with TSM manafacturing and what he promised. that made sense before you tackle on tariffs.
Nah what ?
U believe lowering rates do not lower the U.S. dollar ?
Especially like a 2% move ?
no it isn't at all.this is a very common misconception but it isn't at all, not in the slightest, not over the long term especially like ever.tariffs wouldn't work (ie in aggregate they would cause a deterioration of living standards) even if moving production was absolutely free of cost for suppliers.countries don't have potential infinite untapped GDP. there isn't an infinite
Your points are fair as well - the assumption is that if there are enough of those kinds of jobs available, the pool of people open to expanding them increases as well, whether by people reactivating, or people pursuing educational opportunities towards those roles. Maybe I'm being too kind when I say it comes out in the wash - more like "in theory, the tariffs do have potential economic benefits if there is no barrier to moving production domestically". I'm just not as confident in that point as I am in the other things I asserted.
The monetary system reset is just beginning... tariffs are merely the first salvo in the process.
Concentration on the tariff portion as if its a negative is like trying to say that the color blue is better than the color green only because its a primary color.
The reaction of dollar decline and US based manufacturing coat basis is precisely what is intended.
You would literally drink poison kool-aid.
Your points are fair as well - the assumption is that if there are enough of those kinds of jobs available, the pool of people open to expanding them increases as well, whether by people reactivating, or people pursuing educational opportunities towards those roles. Maybe I'm being too kind when I say it comes out in the wash - more like "in theory, the tariffs do have potentia
Even if we assume that some hypothetical world far different from ours were widespread tariffs like these were implemented due to sound economic policy carried out in a competent manner, you'd still have to guarantee long-lasting bipartisan support and stability. Not many will want to invest enormous amounts in large scale manufacturing facilities when the economic realities of their future profitability is in the wind. Manufacturing tends to be about the long haul.
If you add that it isn't implemented due to sound economic policy and nor is it carried out in a competent manner, but seems to be the work of someone who spent 5-10 minutes making an excel table and then workshopped a round of economic buzzword bingo... well, odds do not improve.
These tariffs will mostly just be an enormous tax hike and source of instability.
He's initiated a trade war on the entire world. Mind boggling. Who will this help? Definitely China.
Short term pain for everyone and global recession is obviously on the table. Long to m m m medium term huge opportunity for countries lChina/India Eurozone to portray themselves as a more stable supplier/consumer.
Short term pain for everyone and global recession is obviously on the table. Long to m m m medium term huge opportunity for countries lChina/India Eurozone to portray themselves as a more stable supplier/consumer.
Who's ready around the world to have their citizens go into structural debt to buy foreign goods?
Because that's what it takes
I nearly spit my water out when he said, "let's call them the working class". lol... like he's never seen someone from the working class before.
Trump's tariffs on big agro failed in his first term, and we all chipped in ~$30 billion to bail them out.
They also didn't work on steel and aluminum.... there's been plenty of studies on this. And no, Biden didn't maintain all of Trump's tariffs. Most annoying talking point honestly. They added a tariff-rate quota system to balance excess imports out.
Actually the crazy thing is Biden fixed the big agro tariffs and helped farmers in his term, and Trump hurt them w/ his policies, but they still voted for Trump in 24.
Go figure. 😀
Unintentionally voting against their own self interests is a feature, not a bug, with these people.
I nearly spit my water out when he said, "let's call them the working class". lol... like he's never seen someone from the working class before.Trump's tariffs on big agro failed in his first term, and we all chipped in ~$30 billion to bail them out.They also didn't work on steel and aluminum.... there's been plenty of studies on this. And no, Biden didn't maintain all of Trump
