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I agree, they are a powerful tool if used correctly. There are some benefits to the "make it locally" but it's also dependent on the specific goods. There are s
by elmerfud 2y ago
I agree, they are a powerful tool if used correctly. There are some benefits to the "make it locally" but it's also dependent on the specific goods. There are some tariff that have been in place for decades to simply prop up industries that should have died of years ago in favor of imports.
- jquery 2y agoI'm convinced the entire reason Trump is so obsessed with tariffs is he doesn't need congressional support. It's just a power grab. Hopefully someone knocks some sense into him before he follows through, but if not, I'll enjoy seeing leopards eating people's faces at least.
- elmerfud 2y agoOf course, people always like to turn the knob they have the most control over. It's also the easiest way to pass yourself off as being a protectionist. Right now I think everyone is in speculation mode. I think everyone has forgotten 2016-2020 Trump speaks in massive exaggerations and hyperbole. The reality of what happens is likely to be much different than all this anticipation. The fact is the only one making a profit off of all of this talk is the news outlets that everyone is consuming incessantly.