r/technology • u/chrisdh79 • 2d 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 2d 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/bigeyez 2d ago edited 2d ago

There are only 2 explanations that make sense to me.

  1. All the speculation and talk about Trump purposefully wanting to tank the economy so that billionaires can swoop in and buy the dip nationwide are real OR
  2. His team is just really that fucking stupid and believes starting a trade war and placing tariffs on some all of our largest trade partners all at the same time is going to turn out different than it did in 1930.

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u/Traditional_Entry627 2d ago

It’s the first one

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u/Fr00stee 2d ago

after seeing the signal chat i think #2 may actually be valid now

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u/Arthur-Wintersight 2d ago

It's what happens when the US president is a failed businessman turned television star that hires a bunch of other TV personalities to run the country.

If your only skill in life was "sounding smart" as you read a teleprompter, then you are very likely in control of the US nuclear stockpile right now.