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62 sats \ 4 replies \ @028559d218 8 Apr \ parent \ on: Trump’s Tariffs Are Economic Folly, Top to Bottom | The Libertarian Institute econ
Had the tariffs been 5% maybe 10% at most on 'a few' countries (just to be clear, Americans actually pay the tariff not the overseas country) then OK especially if they were limited in scope.
But in general it's total economic incoherence.
The libertarian institute imo has it exactly right.
Is that why many other countries have tariffs of 40-50-100%? If tariffs are so bad for us why are they good for them? If tariffs are good for them, why can’t they be good for us?
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Is that why many other countries have tariffs of 40-50-100%?
They don't.
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It actually depends upon what product you are thinking of, doesn’t it? Try getting an American built car into South Korea, for instance. Or would that just be because of non-tariff barriers?
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I don't where the idea that other developed countries have these 'huge barriers' to american products...
actually comes from. they generally speaking don't.
tariffs don't make societies rich, productivity does. why mr trump is so obsessed with tariffs... i cant explain except to say that he is a moron
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