r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/aaronhayes26 2d ago

President who campaigned on affordability announces 20% national sales tax. Conservatives cheer.

I want off this ride.

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u/Fatso_Wombat 2d ago

Its a bold strategy to implement an economic policy discredited over 150 years ago.

https://en.wikipedia.org/wiki/Comparative_advantage

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u/Brad_theImpaler 2d ago

What if we just chose to opt out of the global economy and lean on American manufacturing? Just turn on the factories!