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Trump-enomics
- Thread starter Fantine
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We know how well low tariffs have worked for the US since WWII.
Now, we will find out if high tariffs can equal the US results since WWII.
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Some think that how well ordinary Americans and rich Americans succeed is irrelevant. For them, perceived fairness is more important.
Now, we will find out if high tariffs can equal the US results since WWII.
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Some think that how well ordinary Americans and rich Americans succeed is irrelevant. For them, perceived fairness is more important.
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that all depends on the meaning of the word "win" and who you are applying it to.
For example, the reduction of EU tariffs on US goods will likely help EU consumers who will pay lower prices for those goods.
The high US tariffs on some EU goods will mean that EU companies will be forced to try to sell the products elsewhere instead of depending on US markets. In the end, this will help EU economies. And finally, all of Europe will benefit by increased purchase of state-of-the-art US military equipment as part of the increases in spending forced upon them by Trump.
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Important details still need to be worked out in many of the agreed-upon deals.
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Finally, I believe that Trump will come to new agreements with Mexico and Canada. Of course, the damage to US trade with Canada is permanent.
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Pommer
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History only seems to repeat itself, that is, every 80 years (or so) yesteryears’ failures are given a new lease on life with the hope that tariffs [or political philosophies that require a strong Leader and a nationalistic mythos to run roughshod over opposition], are taken down and dusted off and given another chance to work by having people so smart and special that there’s no way that things could “go wrong”.
Pogo had it right, 52 years ago, “we have met the enemy, and he is us!”
We’ll be okay, 2036 is looking all rosy!
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