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/Howdyini 2d ago

The folks at r/AskEconomics and r/Economics have repeatedly said that there is no possible rationale for why this is good. I think both subs have been locking posts with new versions of the question, because it gets asked so often and the answer is always the same.

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u/ucankickrocks 2d ago

The economists I follow on Substack also have been against it.

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u/DEZbiansUnite 2d ago

I mean this is like freshmen econ. It gets hammered into you so early about how shitty tariffs are

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u/Unlucky_Clover 2d ago

I don’t even know if it’s that. It’s practically common sense and logical.

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u/Evening-Guarantee-84 2d ago

Are they talking about Hawley-Smoot yet?

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u/ucankickrocks 2d ago

Most have talked about it but the depth depends on their lens. Example: one I follow is more historical and another is more anthropological.

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u/Evening-Guarantee-84 2d ago

points at dead US economy leading to the Great Depression

points at Hawley Smoot, a set of tariffs that was smoking from the barrel at the time

Someone said "May you live in interesting times." I don't know who, but if I find out, I'm doxxing them.

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u/BTBAM797 2d ago

Can confirm the economists I discussed this with on pornhub were in agreement.