No. Even trumpet himself cannot explain. |
How long will it take to onshore manufacturing? How do we restore our industrial capacity without investment (stock market tanking)? How can investors be sure that Trump is not just a flash in the pan and that the investments will pay off? As soon as the next president comes in tariffs could go down. Heck, he seems to change his mind on a daily basis. The next war? Good luck with that. |
Tariffs aren't going to onshore manufacturing or create jobs. Manufacturing is going to go where there's cheap labor and will be increasingly provided via robotics. The 19th Century is in no way a parallel for Trump's attention-seeking derangement. |
This is an extremely antiquated view of how an economy works. Your late 19th century tariffs ultimately led to WWI and the Great Depression. And even if Republicans wanted a closed economy with little trade or competition, it would literally take decades for the US to detangle from the global economy and build new domestic factories and mines. In the meantime, you get wars and great depressions. Which seems to be where Republicans are taking us. |
Obama Tariffs but nobody seems to recall, lol:
OBAMA TARIFF ACTIONS: 1. Obama put tariffs on solar panels. 2. Obama slapped tariffs on tires. 3. Obama put tariffs on imported steel. "President Obama stated on Jan. 24, 2012: “I will not stand by when our competitors don’t play by the rules. We’ve brought trade cases against China at nearly twice the rate as the last administration – and it’s made a difference. Over a thousand Americans are working today because we stopped a surge in Chinese tires. But we need to do more. It’s not right when another country lets our movies, music, and software be pirated. It’s not fair when foreign manufacturers have a leg up on ours only because they’re heavily subsidized.” |
Obama was wrong then, too. Also, tariffs was not a central piece of Obama’s agenda. He was tasked with recovery from the Great Financial Crisis of 2008 and Obamacare |
Defense issue. Onshore production for military material construction. As an aside we have less shipbuilding capacity than china. |
There's no logic. He's just pandering to his idiot fanbase. They love Made in America!!! and want more of it. He knows if he says "these tariffs will help boost American manufacturing" that they'll believe it. And they have. So he was successful.
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Jason Stanley is leaving Yale for the University if Toronto. Other scholars will surely follow out of the usa. |