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Old Donald is going to make some supply chain consultants very rich and a lot of average Americans poor. His "just shout something" style absolutely does not w
by t0mas88 2y ago
Old Donald is going to make some supply chain consultants very rich and a lot of average Americans poor.
His "just shout something" style absolutely does not work for the complexity of international trade and tariffs. People will work around them. Customs rules are super complex, you can't change the rules on a few days notice and not cause all kinds of loopholes and unwanted side effects.
- jqpabc123 2y agoThe immediate side effect --- less supply and higher prices. Who benefits from this anytime soon? Not the consumer. And in the US economy, squeezing the consumer hurts the overall economy. Tariffs didn't work very well in the 19 century and only a fool would think they are economic magic for the 21st century.