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I don’t think the evidence supports this. This was the marketing of tarifs. But the reality is rates have been changed rapidly, added, dropped - this is just le
by carefulfungi 9mo ago
I don’t think the evidence supports this. This was the marketing of tarifs. But the reality is rates have been changed rapidly, added, dropped - this is just leverage Trump is using to exert his will. Whether it is Greenland, defense spending by NATO, whims of narcissism, or kickback deal making (like NVIDIA or Intel). There is little evidence this policy is designed to increase US manufacturing.
- SauntSolaire 9mo agoI agree in the case of the US, which I chalk up partially to investors knowing the US tariffs are both arbitrary and transitory. Even if the Trump administration were consistent, there's the possibility that the next president will undo them and corporations need more than a four-year guarantee before making investments. I'm mostly responding to the position that tariffs have no place in economic policy, when we've seen them used successfully in other countries. Should Congress pass a bill legislating tariffs, then I could see them having more of the desired effect, though as I said I'd still be pessimistic without broader changes.