‘Makes No Sense’: WSJ Editorial Board Savages Trump Tariffs on Allies as ‘Dumbest Trade War in History’
‘Makes No Sense’: WSJ Editorial Board Savages Trump Tariffs on Allies as ‘Dumbest Trade War in History’
What I still can’t comprehend as a non American: It’s not Canada that’s going to pay the tariffs. It’s mostly US companies and at the end the US consumers will pay for it. That’s literally grabbing money from the pockets of US citizens. In what way does this sound like a good idea to a Trump voter? What happens if the affected countries start trading with each other and ignore the US? Trade wars have the the potential to develop into a full scale war if one of the participants is starved of the precious oil…
Trump has mentioned that tariffs will help him pay for his planned tax cuts. Tariffs are like a flat-tax, which disproportionately help the rich while taking more from the poor.
I also think there may be some other angles they're working; but I'm not completely sure on. Trump often threatens people to solicit favors; so this may also be a way for him and his cronies collect bribes and favorably business deals from politicians and the wealthy from around the world. He may also have deals with Putin, because he's acting exactly how you'd expect a person to act who was trying to destroy the Western hegemony.
Well this is one of the big answers. Tariffs are a hidden or indirect tax. Stupid democrats didn't understand jack shit so didn't use it as a campaign issue. He's raising tax on everybody to pay for his tax cuts. He's said before he likes the revenue from tariffs in the old days. When you take this approach in conjunction with his thinking on the immigration issue - that by reducing pool of cheap labor, American businesses will pay more and increase wages for low level jobs, you can see where he's going with this. Prices certainly will be higher. I don't know about the wages.
Most voters don't know how tariffs work and assume the country who's goods are being targeted are the ones who will pay. A lot of people are in for a rude awakening.
This is starting because Trump himself also don't know how tariffs works
Also see the damn water reservoir thing because he doesn't even understand how water works
And see the Colombia thing
Those folks firmly believed the trickle-down myth as well
Trudeaux announced retaliatory tarifs, which is an appropriate response however shitty it is. Everyone but the 1% lose
In what way does grabbing money from other people's pockets sound great to trump ?
Have you not seen trump ? Thats exactly what he's done his entire life.
It's wild that his supporters are so brainwashed that they think it's a good thing. The anti tax, anti big government people.
Yes, the people voting to burden themselves with broad new import taxes, on the basis that Trump said he's going to lower taxes.
Say you are a oil producer, and frack gas and oil in Texas, an industry that supported trump. Now imagine what tariffs on oil-imports from Canada means for your business: rising prices, since gas from Canada would be less competitive. Same with logging and wood products.
What happens if the affected countries start trading with each other and ignore the US?
That would mean less money in rich people's pockets, so we can't do that.
They think that all that stuff will just be made in America for the same or similar cost. They don't understand the concept of comparative advantage. That in combination with blind nationalism makes this seem like a great idea to them.
