Reply to Trump threatening "massive tariffs" on China. It's Apr 2 all over again, except it's Oct 10

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Reply to "Trump threatening "massive tariffs" on China. It's Apr 2 all over again, except it's Oct 10"

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[quote=Anonymous][quote=Anonymous]The funniest part is that tariffs only make sense if you are trying to protect/support/grow homeland production. Generally that hurts overall productivity and growth, but it's an understandable goal, especially for national security reasons.

But it only works if local companies feel like they have solidity that the tariffs will be around for a while protecting them and making their capital investments worthwhile. That's why it needs to be sturdy and legislative with specific time periods (probably minimum 5 or 10 years). If it's willy nilly and constantly subject to being cut back, the companies can't know that they will actually get the protection from foreign competitors, and they won't risk the capital investments you actually want them to make, to produce the goods.

So it's not just costly to US consumers, it doesn't produce the production benefits that are the other side of the equation.[/quote]

This seems awful for smaller farms. Also, ending USAID crippled many of them as well.[/quote]

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