2 ms·
> The economic picture of what will happen is instead of being an American engineer designing widgets made in China, some fraction of you are now decimated to b
by palmotea 2y ago
> The economic picture of what will happen is instead of being an American engineer designing widgets made in China, some fraction of you are now decimated to be an American widget maker of items engineered in China. Tarriff is essentially just a handicap to comparitive advantage in trade, trading out jobs where you had the advantage.
That's just a myopic regurgitation of free trade dogma that misses much. For instance: 1) the previous sock of American widget makers didn't become engineers, they got laid off with poor prospects; 2) it assumes a friendly free trade regime, which is unrealistic oversimplification; and perhaps 3) that "comparative advantage" is something real and not just lower living standards and laxer environmental and labor regulations.
> It is one of the most baffling thing I have seen our government do in our lifetime.
The part you're baffled about is only baffling if you're ignorant of everything except free trade dogma.
The real baffling thing is why little to no distinction was made between allies and adversaries, low wage countries and high wage countries.