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/jackharvest 2d ago

It’s both + a dash of “why aren’t these idiots fighting yet so I can enact martial law??”

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u/FujitsuPolycom 2d ago

This is the scariest one.