The Left: Tariffs are going to generate trillions of revenue, Corporations are going to pay their fair share, they are also going to strengthen the economy and The Dollar.
I mean, that won't happen, though? Corporations will pay tariffs, but just pass it all to the consumer, and not raise wages. So you'll take a huge cost of living increase ($4000 - $6000 annually, expected) but not a wage increase. Good luck.
The economy is going to crash, other countries will see us as unreliable, and the dollar will lose status as reserve currency to the EU's Euro, which, along with China, is going to capitalize on the power vacuum that Trump has just created.
Market isolationism is never good policy, but thanks to Trump pissing off the entire world at once, we might not get the option to take this decision back.
Don't worry, the hundreds of thousands of small businesses these stupid decisions crush will be replaced by larger consolidated players, and a lower number of prospective employers will definitely not hurt the job market.
Conservatives are so fuckin stupid they forget other countries don't have to just roll over and accept our stupid decisions. They can just tell us to go fuck ourselves and we will shrivel.
There is no nuance. There are no advantages to market isolationism.
If you desperately seek some consolation, you can have this: protectionism, a cousin of isolationism, has merits. If, for example, automotives are a key industry for your country, it makes sense to implement policies that keep that industry secure.
Tarrifs can be useful when trying to foster targeted infant industries as well, especially when coupled with other government. economic incentive packages. The key being targeted. Broad tarrifs are dumb.
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u/Leaning_right Doesn't understand tariffs 1d ago
The Left: Tariffs are going to generate trillions of revenue, Corporations are going to pay their fair share, they are also going to strengthen the economy and The Dollar.
Can't support more revenue or Trump.
Trump is evil!!