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> Stephen Miran, nominated to advise Trump, has suggested high tariffs could be the price allies pay for U.S.’s defense umbrella So the takeaway is that Stephe
by Terr_ 2y ago
> Stephen Miran, nominated to advise Trump, has suggested high tariffs could be the price allies pay for U.S.’s defense umbrella
So the takeaway is that Stephen Miran is a brown-noser busy repeating his boss' delusional/evil nonsense.
> “Retaliatory tariffs by other nations can nullify the welfare benefits of tariffs for the U.S.,” Miran acknowledged.
> To deter retaliation, he wrote that the Trump administration could “declare that it views joint defense obligations and the American defense umbrella as less binding or reliable for nations which implement retaliatory tariffs.”
Ah, so the US could come out ahead imposing tariffs... if everybody else sits back and just takes the hit without hitting back, and we could make that happen if we present our nation as not merely greedy but maliciously untrustworthy. We just extort them with the threat that we might violate treaties if we aren't in a good mood, and hope that it'll work forever.
- verdverm 2y ago> price allies pay They will not pay, we Americans will pay. The US cannot tax foreign countries and no company is going to take the loss, they will pass on the cost to consumers. It has always been this way every time it has been tried. This is before we even consider the reciprocal tariffs that come more often than not. Last time Trump tried this, we ended up having to spend $25B to bail out farmers Bullies do as bullies do I guess...
- Terr_ 2y ago> Last time Trump tried this [...] ... It was similar to a tax-hike of $831/year on each US household [0]. https://fee.org/articles/tariffs-on-chinese-goods-cost-american-households-831-annually-fed-study-finds/ https://fee.org/articles/tariffs-on-chinese-goods-cost-ameri...