I'm with Pomp on this one: #tariffs work as a tool of exerting nation state power on (implicit) trade deals residing within international markets. It's not as simple as "tax bad". Bring industry back. Level the playing field. Pull out of the economic nosedive. Logical and smart move by #Trump.
Discussion
Tariffs prioritize home industry. Where trade imbalance exist, they very much work to the benefit of those involved with making things.
People blandly say tariffs are taxes, but they explicitly aren't taxes. They import and export levies that incentivize local production by creating need gaps at home.
Price increases due to shortages are always temporary if the domestic free market is allowed to operate without intervention.
- Hello Denmark
- Hello Trump
- America, can se please reach a real on these new tariffs.They are hurting us two you no...
- Yeah... OK, gimme Greenland and all is forgotten.
- Oh America... ... ... ... (whispering) ok.
Current global financial paradigm doesn't work with USA having tarrifs.
Reset coming
Yes true but #tarrifs are also used as a tool to pick winners and losers as always. Tariff are never universal there always exempts that's why it's a scam imho