Oddbean new post about login | logout Trump is a doofus, believes tariffs are good, did the exact opposite of “drain the swamp,” and fully endorsed Fauci and all the absolute horror and embarrassment of 2020. Imo, The only good thing about Trump is that the establishment hates him and he *might* pardon Ross Ulbricht.
The swamp literally tried to kill him on July 13th.. must be doin something right.
Tarrifs are good. If you Google it, it'll tell you otherwise though. Dive deeper.
If you learn basic economics you will find they are absolutely not. Tariffs are consumer taxes.
Unfortunately, it isn't basic.
Trump is running on reciprocal trade.. meaning if another nation applies tarrifs to our exports he will respond in kind. It's true that this can potentially raise prices but it may be the correct move geopolitically. Watch him go full strategic bitcoin stockpile and remove capital gains on selling or using your bitcoin.
No idea how it is people don't understand this.
There is an exception IMO. In a perfect libertarian country when a foreign state heavily subsidies an industry so they can sell their products at a loss in your country, that can be seeing as an attack, and tariffs must be set in place specifically to that product only. Can be happening in the EV sector, China subsidizing really hard directly to the manufacturers, but the US is also doing it indirectly with the subsidies to the consumer.