3 ms·
This is a rather confused view of the situation. 30% tariffs on EU imports would be very bad for _the US_. Trump tends to present trade as a zero sum game, but
by rsynnott 1y ago
This is a rather confused view of the situation. 30% tariffs on EU imports would be very bad for _the US_.
Trump tends to present trade as a zero sum game, but it very much isn’t; outside of limited scenarios (generally developing countries protecting otherwise unviable local industry with targeted tariffs), tariffs generally hurt both sides.
- graemep 1y agoTrump may present trade imbalances as a zero sum game, I am pretty sure he does not believe it. The real thinking is that being a net importer gives you more negotiating power so you can use that to get a better deal. its well worth looking at what people like Miran and Bessent said (before they were in government) to see what is driving all this.