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My read - this administration seems to be betting that behaviors will change slowly enough and America has enough of a draw still that they can extract more con

My read - this administration seems to be betting that behaviors will change slowly enough and America has enough of a draw still that they can extract more concessions, both in the market (with tariffs), and with measures like this in the near term, without a collapse in tourism or middle class consumerism. They must believe that the long term effects will change slowly enough, or the effects will be concentrated on the poorest, and so they can just ignored as they won't be electorally punished for them. I disagree with the policies personally but politically I don't know if their calculation is wrong.

seanmcdirmid 1y ago
> I disagree with the policies personally but politically I don't know if their calculation is wrong. The current administration is really deluded about the prominence and draw it thinks America still has. They had the misconception, for example, that China was much more dependent on trade with the USA rather than the 2% impact that the numbers actually suggested. They are simply making all of their calculations with factually incorrect premises along with bad math.