Reply to Trump tariffs: ruin U.S. economy until 2040

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Lot of talk that Trump’s policies will be good for the economy. [/b]

Interesting paper here that runs the numbers.

It’s not good.

Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.

“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.

And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”

https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us

[/quote]

There is literally no one who knows what they are talking about who suggests that Trump's policies will be good for the economy. None.[/quote]

I am deeply opposed to tariffs.  The only potential positive is that we boost some domestic production and lessen dependence on foreign countries for various goods, materials and resources.  But that takes years to get spun up.  And I don't think it's automatically going to create jobs, either because the biggest issue in industry is high cost of American labor.  So we will be using a lot off automation and robotics in any new plants, either that or given already-low unemployment rates and insufficient Americans to take the jobs, worker visas and right now the GOP has made any discussion of foreign labor completely toxic.  It would take a decade, easily.  And meanwhile it's American consumers bearing the costs all the way, as a stealth tax.[/quote]

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