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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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Incorrect answer, sorry.. Herbert Hoover had higher tariffs than DJT.
And so my point still remains, that Trump hasn't done anything new that other presidents haven't already done. So he's as American as apple pie.
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No, Trump is nothing new. We have presidents who were autocrats before and had many who ran the president in orer to line their pockets. Corruption is definitely NOT new in American politics.
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I was under the impression that we were discussing economic policy, specifically tariff policy.
Since 1941, there has been a worldwide move towards what is loosely called globalism, with certain rules governing world trade. There have been many who have taken advantage. However, believe it or not, the goal of US economic policy is NOT fairness. The goal is economic success for the US and its citizens. [I don't mention US companies because the myths propogated just plain silly. US companies are in better shape even by a very long way.
OF COURSE, the country that has benefited most from the system since WWII is the US. The people of the US have benefited considerably more than anyone else. Sure, there have been hiccups, economic success isn't a straight line. However, the US economic situation as of January 1st, 2025 is by far the best in the history of the world. Maybe it will improve under Trump, maybe not.
The MEDIAN US household income (half under, half over) is the second highest in the world, second to Luxumburg, and considerably higher than a few years ago.
There is a MYTH that the average AMerican family hasn't gained over the 70's. COmpare median income and you will find that this is simply not true.
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ALL THIS BEING SAID
It is possible that the US economy and the median Us household will be better off in 5 years or 10 years because of Trump's policies. And yes, threats of high tariffs may indeed force many companies to produce more in the US, raising costs (not likely giving us more jobs).
And is SOME industries, costs may indeed come down through bullying. Drug costs are a good example.
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