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

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

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

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Shame Bessent and the rest of the “economic policy team” didn’t pay attention to the economists at the outset. He’s sadly mistaken in thinking that this is going to be easy to fix.

Bringing the tariffs down is wise, but Trump broke the trading system. It’s not a lever that he can just switch.

And does this mean the other tariffs will come down when it turns out we don’t have the factories to build stuff?

What a troop of idiots.

https://www.politico.com/news/2025/11/12/bessent-says-tariff-cuts-on-coffee-other-ag-products-coming-soon-00647644

U.S. Treasury Secretary Scott Bessent on Wednesday said the Trump administration will soon announce a broad package of agricultural tariff cuts.
“You’re going to see some substantial announcement over the next couple of days in terms of things we don’t grow here in the United States, coffee being one of them,” Bessent aid in an interview on Fox News. “Bananas, other fruits, things like that. So that will bring the prices down very quickly.”
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They are also substantially lowering the tariffs on Swiss imports.  Rolexes were getting too pricey for ICE Barbie and the rest of his inner circle, so they had to address it with this latest change.  You really can’t make this stuff up  :roll: [/quote]
They also got Rolexes and gold bars for free.
[twitter]https://x.com/dkthomp/status/1989690117129216448?s=46&t=kf1qYlCXQnKgUhJWEIu2vg[/twitter][/quote]

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