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The tariffs are at least partially about crony capitalism if you look how they have repeatedly played out. Announce big, broad, sweeping industry & country lev
by steveBK123 10mo ago
The tariffs are at least partially about crony capitalism if you look how they have repeatedly played out. Announce big, broad, sweeping industry & country level tariffs. Talk to Big Tech execs, quietly delay/rescind specific sub-components or even companies from said tariffs. Rinse & repeat.
The companies left fully paying tariffs are the ones that aren't big enough to have the orange mans ear / "donate" to the ballroom construction.
- HDThoreaun 10mo agoTrump forced the UAE to buy $2 billion of his stable coin in order to avoid tariffs. He is making $80 million a year farming yields off that. The tariff nonsense was 100% just a backdoor for corruption. Edit: and I forgot he pardoned the binance guy for facilitating this corruption too. Trumps pardons are the most corrupt in american history but MAGA is still yelling about the hunter biden pardon even though Joe was absolutely right that trump would maliciously prosecute him
- steveBK123 10mo agoIt’s actually a lot of small to midsize manufacturers importing subcomponents that are getting hurt in the heartland. They can’t lobby for exemptions & don’t have the supplier negotiating power of the megacaps.
- k12sosse 10mo agoSorry widgetCo. Shoulda been a billionaire!
- DarknessFalls 10mo agoI've said this before, but Trump's form of tariffs are basically a firewall and paying tribute opens specific ports and addresses.
- ethbr1 10mo agoBribe knocking?
- deleted 10mo ago[deleted]
- victorbjorklund 10mo agoTariffs are not free market. A true free market would have zero tariffs.
- tw04 10mo agoAnd it would quickly be destroyed by competing governments that don’t believe in free markets and actively subsidize their industries to capture market share.
- vmg12 10mo agoThe US has been largely tariff free since the 1900s and it's the largest economy in the world.
- tw04 10mo agoRemind me where I can buy a Chinese EV? And I assume there’s no government subsidies to allow US private sectors to compete globally because free market right? Right?
- vmg12 10mo agoI forgot to put in my comment "until recently". And the US auto industry does such so using that as your argument in favor of tariffs doesn't really work.
- ethbr1 10mo agoThe 1960s+ chicken tax would like a word. https://en.wikipedia.org/wiki/Chicken_tax https://en.wikipedia.org/wiki/Chicken_tax
- HDThoreaun 10mo agoYes, trucks are one of the few areas where there have been tariffs. And unsurprisingly American automakers are now completely uncompetitive.