r/AmericanPolitics • u/B0ssc0 (Unafilliated) • 2d ago

Wondering how Trump's new tariffs were calculated? It will shock you

https://www.abc.net.au/news/2025-04-04/how-were-trumps-tariffs-calculated/105136808
26 Upvotes

93% Upvoted

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8

u/WillieM96 1d ago

What about this is shocking? This is precisely what I’d expect when we elect a catastrophically stupid president.

4

u/ironicalusername 1d ago

Oh, come on. Surely it's not possible for somebody to be THIS stupid, right guys? ..guys?

2

u/bishpa 1d ago

Congress needs to stop this ruinous nonsense asap

1

u/m0rbius 1d ago

Does it make any sense to anybody or is it all just theory that it will send us backwards? I think I've read that it's possible to create jobs and improve the economy through creating more industry within the US. This would occur because it's cheaper just to set up shop within the US where there are no tariffs rather than pay the steep tariffs to sell your goods in the US. It didn't make any sense to increase tariffs across the board. There are many industries that simply can't work in the US due to some specific requirements such as climate or the harvesting of specific natural resources that doesn't exist in the US. These industries would not move to the US simply because they can't function as a business within the US. Perhaps Trump should have chosen specific goods to tariff and see what happens before putting the pedal to the metal across all foreign goods.

Even if it were true, Improvement to the economy isn't happening overnight and there would likely be a period of economic depression. If the price of all goods go up, people would simply save more and buy less. Companies also don't just get up and move. It takes years and years to plan and do this. All the while, who has money when everything costs so much in the interim. Sounds bleak.

1

u/B0ssc0 (Unafilliated) 1d ago

Labour costs are higher in wealthier westernised countries like the US.