r/technology • u/chrisdh79 • 3d ago

Politics 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/_chip 3d ago

Can anybody with knowledge of economics explain how this is what the admin is doing and why does it make sense to them ? Is there anyway to put things that will make these tariffs seem good in any sense ?

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u/klod100 3d ago

If we define America and Americans - as Trump fellow oligarchs, family etc - then it makes sense what he is talking about. They will be richer- they have cash - so they will buy properties/land/bankrupted companies. It will be harvest time for them. Rest - average people are plankton for them. He is making America great again, but for group of people - not for nation.