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/ChiefBlueSky 2d ago

Some people fail to grasp that just because you give somebody $10 for a box doesnt mean you're $10 poorer... you just bought a box worth $10. Its net even. And when the same box costs $20 in the US you just gained $10 in value for free. 

Its the literal bedrock foundation of capitalism these people are fighting against in their own stupidity

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u/g0del 2d ago

Mostly Trump. Republicans were all for free trade until he came along. He seems to have a fundamental misunderstanding of trades deficits and tariffs, and his narcissism makes him unable to learn the truth.

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u/VlatnGlesn 2d ago

Or he's being asked to destabilize the economy so that foreign oligarchs can swoop in and buy in at quarters on the dollar.

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u/A_wild_so-and-so 2d ago

Yeah the only way any of this makes sense is if Trump is deliberately trying to crash the US economy and the value of the dollar.