2 ms·

Expert economists working in both the Biden and Trump administration support tariffs. The difference is the dumb way Trump is doing them and a smarter way of d

Expert economists working in both the Biden and Trump administration support tariffs. The difference is the dumb way Trump is doing them and a smarter way of doing them. Obviously, this comic completely misses that nuance and promotes a pseudoscientific idea that tariffs are somehow bad.

drop_star 1mo ago
I think the 'tariffs' in this comic are related to the current regimes application of them. Not representative of tariffs as a whole.
slg 1mo ago
The doctor hits my leg with a hammer to test my reflexes. The comic isn't saying hitting legs with hammers is always bad.
HDThoreaun 1mo ago
I think the comic captures that nuance by exaggerating the stupidity of the trump tariffs. If your trade strategy is "we must eliminate all trade deficits" youre gonna have a bad time
Hammershaft 1mo ago
Economists universally think tariffs are dumb policy. https://kentclarkcenter.org/surveys/steel-and-aluminum-tariffs/ https://kentclarkcenter.org/surveys/steel-and-aluminum-tarif... Literally 100% of the 50 expert economists polled by the Kent Clark Center think tariffs overall make Americans worse off. Nobody in politics can say this simple truth because the rust belt states are critical swing states.
- catigula 1mo ago
  The Biden administration kept the Trump tariffs. His own policy-makers, technocrats, said that they were a necessary geopolitical tool, cited China's extensive use of tariffs (amongst other states), and noted that they must be used to protect manufacturing and in tandem with allied states. https://www.commerce.gov/news/fact-sheets/2024/05/fact-sheet-president-biden-takes-action-protect-american-workers-and https://www.commerce.gov/news/fact-sheets/2024/05/fact-sheet... https://www.npr.org/2024/05/14/1251096758/biden-china-tariffs-ev-electric-vehicles-5-things https://www.npr.org/2024/05/14/1251096758/biden-china-tariff... https://www.internationaltradeinsights.com/2024/07/biden-administration-increases-tariffs-on-imports-of-aluminum-and-steel/ https://www.internationaltradeinsights.com/2024/07/biden-adm...
  - valleyer 1mo ago
    It is possible for both Trump and Biden to be wrong about something.
- tim333 1mo ago
  It depends on the details though. That survey was just on a one sentence "new US tariffs on steel and aluminum will improve Americans’ welfare" question. They can have a place if say you want to maintain manufacturing for military strategic reasons.

drop_star 1mo ago

I think the 'tariffs' in this comic are related to the current regimes application of them. Not representative of tariffs as a whole.

slg 1mo ago

The doctor hits my leg with a hammer to test my reflexes. The comic isn't saying hitting legs with hammers is always bad.

HDThoreaun 1mo ago

I think the comic captures that nuance by exaggerating the stupidity of the trump tariffs. If your trade strategy is "we must eliminate all trade deficits" youre gonna have a bad time

Hammershaft 1mo ago

Economists universally think tariffs are dumb policy. https://kentclarkcenter.org/surveys/steel-and-aluminum-tariffs/ https://kentclarkcenter.org/surveys/steel-and-aluminum-tarif... Literally 100% of the 50 expert economists polled by the Kent Clark Center think tariffs overall make Americans worse off. Nobody in politics can say this simple truth because the rust belt states are critical swing states.

catigula 1mo ago
The Biden administration kept the Trump tariffs. His own policy-makers, technocrats, said that they were a necessary geopolitical tool, cited China's extensive use of tariffs (amongst other states), and noted that they must be used to protect manufacturing and in tandem with allied states. https://www.commerce.gov/news/fact-sheets/2024/05/fact-sheet-president-biden-takes-action-protect-american-workers-and https://www.commerce.gov/news/fact-sheets/2024/05/fact-sheet... https://www.npr.org/2024/05/14/1251096758/biden-china-tariffs-ev-electric-vehicles-5-things https://www.npr.org/2024/05/14/1251096758/biden-china-tariff... https://www.internationaltradeinsights.com/2024/07/biden-administration-increases-tariffs-on-imports-of-aluminum-and-steel/ https://www.internationaltradeinsights.com/2024/07/biden-adm...
- valleyer 1mo ago
  It is possible for both Trump and Biden to be wrong about something.
tim333 1mo ago
It depends on the details though. That survey was just on a one sentence "new US tariffs on steel and aluminum will improve Americans’ welfare" question. They can have a place if say you want to maintain manufacturing for military strategic reasons.