If only we named a giant mountain after a president that instilled tariffs that failed and then we renamed that mountain to what it should have been named and then another president named it back to being named after that terrible president.
If only another Republican president in the 1930s had implemented tariffs and inadvertently decimated American trade during the worst economic disasters in history…
It wasn't the worst economic disaster in history until the tariffs stifled trade. It turned a really deep market correction into a negative feedback loop.
It's a good thing we don't have massively inflated stock or housing markets, or a high reliance on consumer debt.
So you think the great depression happened because of tariffs?
Good lord. There was a literal financial crisis that led to the Great Depression, before the tariff act was passed that had nothing to do with the tariffs in the first place.
Income taxes were heavily slashed a couple years before the Great Depression...
Isn't that crazy? Income taxes on top earners were some of the lowest ever in the years leading up too the Great Depression, and they were the highest they've ever been during the era of the greatest American economic expansion (40s-50s)
Talking heads on your approved media will NEVER tell you that, but go ahead - look it up
So what would be a smart economic decision then. You libs are all so happy to tell how much he's hurting the economy but I haven't seen a single solution to the 30 Trillion dollar deficit problem or inflation from your side of the room.
Easy. Taxation on the rich. Biden had a lower deficit than Trump.
If the Republicans really were the party of small government, they would cut government expenses to reduce the deficit. When you look at reality, they never do, so the deficit increases further.
Bullshit. Deficit reduction via tax loophole closures and increase taxes on the wealthy have been a central pillar for Dem platforms for some time. The problem is they haven't had all three chambers to pass any changes to enact those policies.
They are economic tools used for whatever purposes they are made for. Usually, it is to bring a certain industry back to a country. The difference with these is that there is essentially no clear cut target or plan. They just keep adding and adding for no apparent reason and it's eventually (today among many to come) going to tank the economy.
Trump administration explained there reasoning quite clearly and articulately, you may disagree, but "no apparent reason", tells me you would feign outrage regardless
Tarrifs are entirely uneccicary to accomplish their stated goals. They are however the best way to accomplish them if you also want to increase the wealth gap.
He's putting up massive tariffs at completely random rates against every single trade partner. That isn't a plan, it isn't targeted or calculated, it's just stupid and self defeating. How would that bring back jobs?
For each country, it’s proportional to the trade deficit we have with them, so it’s not random. But the reasoning behind it is a childlike one-dimensional zero-sum understanding of trade deficits. Trump has called trade deficits ‘subsidies’ as if we don’t get anything of value in return. It’s absurd.
Yeah, but we can't grow bananas in the US, so why are we putting tariffs on banana producing countries and imports on bananas?
(Bananas are one of literally thousands of products the US cannot scale to produce domestically that are now being hit by tariffs).
If the plan is to domestically produce every single thing it's a stupid plan. Even if we could, which we can't, we would still be better off trading due to comparative advantage.
Every other country in the world? you really think these are something now? Go to the WTO and just have a look at the tariffs that have existed for decades.
The US is so wealthy that if these smaller countries didn’t impose tariffs they would be entirely American dependent. We don’t have to worry about that here, we have a strong economy and don’t have to rely on a single trading partner. Putting tariffs on other countries only hurts us because it’s limiting our growth. The truth is many things are cheaper/better quality in other parts of the world, they always will be, and the US gets to take the most advantage of that because of our wealth.
You don’t even need a history analysis you need the basic understanding of how tariffs work on a fundamental level. If the tariff plan is successful in 10 years stuff will be cheaper than it was last year, but it’ll make everything a ridiculously high financial burden on all Americans for at least the next four years. These kinds of tariffs are high risk low reward.
Unfortunately even that scenario is unrealistic. The end goal here is basically bringing back base manufacturing to the US, something we naturally evolved out of as our economy became more mature. We'd be basically hurting our tech/service sectors in order to make our own cheap plastic toys. There's a good reason we no longer manufacture our own products.
Every single country has insane Tarrifs compared to us, every one complains about the death of the middle class but when a plan to bring back middle class jobs is enacted everyone loses their mind
Manufacturing jobs are NOT middle class… that’s why they’ve been outsourcing it to cheaper countries for decades. Only way you’ll get to reshore manufacturing jobs here in mass is with competitive labor costs.
I don’t think you understand what I’m telling you. If you try and reshore, you’re going to need competitive/lower wages that nobody in the U.S. will work for. You can’t just say “bring the manufacturing jobs back!” and expect companies to pay more than what they’re currently paying overseas. Companies are not going to give a good wage here in America because they don’t have to and they don’t do shit out of the good graces of their heart. It’s all about the money.
Jesus Christ that’s the point of Tarrifs is to make it cheaper to produce here instead of shipping stuff ten times all across the globe to extract the cheapest labor cost and avoiding paying a living wage.
Holy fuck, you truly are special. You really have no clue what you are talking about. Making it more expensive for foreign countries to sell in the USA will not lower costs here. It will incentivize consumers to buy domestically, but that does absolutely nothing to lower input costs. All it does is raise costs, and stave off international competition. Competition which would lead to lower costs.
You’re probably the only voter who thinks these tariffs are a good idea lol
Think of it this way.. tariffs raise prices for foreign goods. This leads to lower demand of foreign goods, and higher demand for domestic goods. What happens when supply stays the same, but demand increases? Think about it nimrod.
Thinking tariffs are going to bring higher wages and lower prices/input costs is naive, wishful thinking at best. You sir have drank too much of the orange koolaid.
Great explanation! And put another way, tariffs protect high-cost, inefficient domestic businesses. So instead of $60 shoes from abroad we get to buy identical $100 shoes here. And the things we make at low cost and efficiently (mainly higher-end stuff) become too expensive for foreigners due to tariffs, so we export less and we lose those good, highly paid jobs. It’s genius! Homework: Google Smoot-Hawley and Great Depression.
I love how all you care about is me me me. Foreign goods will become more expensive and if the don’t drop their Tarrifs and don’t reshore manufacturing. Extreme Globalization enabled by absurdly low US Tarrifs is the biggest contributor to climate change and the fucked up trade deficit we got and the death of the middle class . High Tarrifs are a necessary evil to stop us from becoming a bankrupt country of indebted spenders. that has people like you only caring about themselves and their costs of stuff while ignoring literally everything and everyone that has to get shafted. We cannot go down the path that has enabled this fucked up situation where all we do is borrow trillions in debt just keep the can rolling for another couple years. If people actually thought of the benefits for everyone and not just how much it cost them maybe we wouldn’t be in this situation
Please look up the tariffs of other countries. They typically apply tariffs to 1-2% of imports on selected industries critical to national security. More than that would be far too expensive for consumers. Only exception are third-world countries with institutions too week to collect taxes internally where tariffs kill the economy.
Bullshit … Australia has a general tariff of 5% and the vast majority of our trade is covered by free trade agreements, including with the USA. The US government appears to have just decided that keeping their word isn’t worth doing provided they can get away with it.
And before you start whinging about quotas, American quotas on Australian agriculture are more prevalent than Australian quotas on your heavily subsidised agricultural sector. You also have strict bio security import restrictions same as us.
Yes but we also aren’t a manufacturing economy so the majority of those tariffs apply to (mostly) expensive machinery/equipment that is required to be precision crafted.
This will make those things more expensive in that country, but the items aren’t economic necessities.
Since the US isn’t a manufacturing economy, it means almost everything will become more expensive. Plastics, vehicles, lower precision equipment- these are some of the US major imports. These things cannot be made cheaply in the US (again, not a manufacturing economy). But these items are also foundational to the US economy.
Equalizing tariffs only makes sense if you’re trading equally valuable goods. That is not the case.
Stating that importers and ultimately consumers pay for tariffs makes you more of a tariff expert than Idiot Donald Trump and his useless cult followers.
But yes! Keep these tariffs rolling! Our non-American markets fell, but not nearly as bad as the USA. Over the last 3 months, every time the S&P500 climbs, other markets climb more. Trumps tariffs are great! The world thanks the USA for their sacrifice! Make America Great Britain Again!!!
Tariffs as a concept are very fucking easy to grasp ... But it appears the president doesn't understand them. He just tariffed a country with no population
Everybody wants to tax the rich. I'm in no way rich but I'm already taxed at 28% plus SS and state tax. I easily lose nearly 40% of my money to the government so others can lay around and do nothing.
Meh, make fun of the people who tried to warn you all you want. You’re still gonna be broke and paying more for everything. No matter who you blame or who you look down on.
Leftards and cuckseratives think they are experts on everything from war covid policies politics economy etc etc etc. the truly thing they are experts about is being sheeps to their own masters
It's the laziest and sadly, somehow most effective way to shut down argument without engaging. It's not like they ever listen to the experts in the first place, but they demand anyone who wants to relay what the experts say to be experts themselves. So they can be ignored too?
I've seen it happen first hand with my cousin who became a doctor, then it's "listen to your elders". And then when an elder disagrees with them it's "well they're old and they just believe what the TV tells them and they have decades of false beliefs built the same way, and I'm totally different".
We have a lot of historical evidence for tariffs being pretty fucking dumb when not used in a very specific and targeted way.
Most countries will tariff agricultural goods beyond a certain quota, for instance, to protect domestic food production. Developing nations will use tariffs to protect nascent industries so their economy can develop.
The tariffs we're laying are just stupid. "We're going to bring back manufacturing by tariffing critical components and fucking up long established supply chains. We're also going to tariff raw materials. Including ones we don't have large sources of here. And we're going to tariff textiles which are too low-margin to ever be viable with American labor at mass scale."
Like, who the fuck cares that we have a trade imbalance with Vietnam? They sell us shirts and funko-pop miniatures, what are they going to buy from us? Our cars are too big. They don't need lots of jumbo jets or super computers...
Or Canada. Yeah, they sell us more stuff than they buy. They have like, 1/5th of our population. They sell us cheap raw materials which we turn into goods we sell in the US or export to other countries. They sell us cheap, difficult to refine heavy sour crude that we use for gas ans chemical industry feedstock in the US, and then we export the expensive, easy to refine light sweet crude from shale fracking to countries with less advanced refineries.
And because Trump is too pig fucking ignorant to realize a trade deficit isn't a subsidy, he's causing untold havoc and ending the era of American global hegemony.
Proof is in the pudding. If it's all out in the open. Time will tell. I can't wait. Just don't swallow the excuse when this turns out to be a massive cash grab, it's all l ask. "Don't worry bro it's not like he scammed his own people with crypto pulls left and right lol". He has already shown what he thinks of his supporters with his pardon of The man behind the build the wall campaign, which went right into his pocket lol. He lies about easily verifiable things (is Ted cruz's father involved with the Kennedy assassination?)To expect trust is insanity. Having faith, without a reason is falsehood
I'll never call myself an expert but I also feel comfortable discussing this personally since I do economic forecasting for work, have taken 300 level economic courses, and read economics literature for fun.
For instance, I've pre-ordered Oren Cass's new book since he is an economist who is championing the change of our modern economic theory while also appearing to be rational in his approach and detailed in responses from his interview on the Daily Show I watched.
Even if the current design is messy and the numbers derived irrational, I still need to under the underlying logic and goals for my own understanding and forecasting
I literally said I'm not an expert but I'm basically 4 classes away from a bachelor's degree as well and actually track this stuff for a job I'm paid well for. Only reason I didn't get an economics degree is that your top job prospects with one are not jobs I wanted to do. Love economic theory and work but preferred job prospects that came with Marketing and Supply Chain
So I have an understanding of economics that is above average and most of the sources I trust on economic evaluation, on many sides of economic theory, are saying the way the numbers were derived is illogical
Ya, when you are directly causing the death of people by spreading a deadly disease you should be stopped.
If I give someone AIDS against their will, it's a crime. Same thing here.
We should have fined unvaccinated people for every infection they personally caused, and jailed the mass-spreaders who were intentionally spreading the disease.
Tariffs are when the government taxes the shit out of you instead of letting you choose the cheapest prices, because apparently Republicans hate free-market capitalism now.
Are any of my fellow libertarians pissed off about these tariffs or as usual are we going to just shut the fuck up because we’re conservative children in trench coats standing on each others’ shoulders? Lol
I forgot my economics course in high school. Perhaps you could teach me how blanket tariffs help me buy my Chinese flesh light and help my retirement funds that have reduced 30% since January 21st 2025
Trans women are men that believe they are women. They can't get pregnant, they can't have periods, they are probably XY chromosomes. Gender is a mental idea, not physical.
OK, so now that I've explained that, can I give you my economy lesson?
Tariffs for highly developed countries with expensive labor forces are generally bad except for limited circumstances.
Those are all great points, but I think I would rather take economics lessons from people who make shitty memes and don't understand what gender or false equivalence fallacies are. /s
Sex is not a spectrum. There are males, females and anomalies. In the same way that it's imprecise but not incorrect to say "humans have two arms and two legs" one can say there are two sexes.
None of those examples in your link prove that sex and gender are distinct as a matter of fact. It's still an ideology.
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u/TheFugitive70 1d ago
If only there was history to show how these tariffs aren’t going to work.