Trump will impose tariffs on the EU
Trump will impose tariffs on the EU
YOU GET A TARIFF! YOU GET A TARIFF! YOU GET A TARIFF! EVERY BODY. GETS. A TARIFF!
Good. The EU suffers from holier-than-thou syndrome. They could have been trading with China and the Middle East but they would rather be racist. Now Trump will stomp all over them because they bet their future on liberals* remaining in power in the US.
* technically Trump is a liberal but you know what I mean
Sooo who is not getting tariff? Seems like all he Is doing is raising revenue by taxing people and calling patriotic.
It seems that the goal is to make it so prohibitively expensive to import things that it opens up niches to start producing them domestically. It will necessarily drive prices up in the near term, but it's also not clear that it would achieve the desired effect long term either. Traditionally, the kinds of investments that would be needed require state involvement, and so far my impression is that they're just going to leave it to private business and hope that magic happens.
I talked about promoting local goods during the recession but EVERYONE I know said "no america is not a manufacturing country anymore it's a service country". Funny how things change.