- While tariffs would raise revenue for the US government, that revenue would come at a high cost to the American economy overall.
- Tariffs are redistributive. Some domestic producers benefit but at the expense of other people and businesses in the domestic economy.
- History shows tariffs raise costs and prices and lead to lasting economic harm such as lower production and living standards, whether we keep importing goods or switch to domestic alternatives.
Feels like they’re trying to cause a global depression that lets them buy everything on the cheap.
That only works if things recover… The way trump is doing it, recovery is highly sus
Crisis capitalism, just as we saw in the wake of 2008
Except the world is getting tired of it.