2 ms·
All of your pro-tariff points are ludicrous in the context of what actually happened, and do not reflect reality. This is not some negotiation tactic. We know
by jsnell 2y ago
All of your pro-tariff points are ludicrous in the context of what actually happened, and do not reflect reality.
This is not some negotiation tactic. We know it's not a negotiation tactic, because: there are no stated goals for negotiations; there has been no attempt at negotiating; it would be impossible to negotiate with this many other countries at the same time; each target country feels only a little pain from the tariffs, US feels all of it, so US actually has the least leverage in any hypothetical negotiations. If this was about getting leverage for negotiations, it would be the stupidest imaginable way to go about it.
Tariffs would also be a very peculiar way of trying to do currency manipulation, because the first order effects will have the opposite direction of what you suggest. Import tariffs to reduce imports, which decreases the supply of the currency, which means the currency will appreciate. The USD weakening in response to these tariffs is more about second order effects around political risk (they demonstrate that not only is the leadership unstable and incompetent, but it also has near-dictatorial powers with no functioning checks and balances remaining). This makes US assets less appealing, especially for foreigners, who seriously need to start pricing in the risk of asset seizures. This leads to capital outflows, weakening the currency. If you just wanted those second order effects, there would be much more direct and less damaging ways of achieving it.
Your third point is just utterly irrelevant, because the tariffs do not further that goal. It's like saying that another goal is to turn the moon into cheese.
And as for China, that explanation would have made sense if the tariffs were applied only on China. But they weren't. Clearly that was not the actual goal. In fact, by announcing tariffs on the entire world, your leadership achieved the opposite of driving the rest of the world to cooperate more with China. (See the accelerated talks of a free trade agreement between China, Japan and Korea.)
And these were the best talking points you could find to defend the tariffs?
- TaurenHunter 2y ago[flagged]