I just encountered this last night with hardcore Trumper family members. They believe his tariffs are because the tariffed countries have their military subsidized by the American government and they need to pay their fair share. They think xwe’re going to have to “feel a little pain” for a year or two, then “it” will be better. What is “it”? Who the hell knows. They certainly don’t.
My dad isn’t a Trump supporter but he sure sounds like one. He’s fine with tariffs because “we won’t be paying them”. The underlying belief is that we shouldn’t import electricity or other goods, we should be producing our own, we should be self sustaining. And these tariffs are speeding up factories to open up in the states and produce US goods. The adjustment period (a few years at most) will be hard but worth it in the end - everything will be US made. Wohoo?
Never mind that our current infrastructure is crumbling and nothing is being done about it. And Trump is siphoning off any resources the us has. Never mind that many people today live paycheck to paycheck and as a result of this self imposed trade war will starve or freeze to death in the interim. Never mind that even if the US government decided to invest in this, it would take many many many decades to make US self sustaining, and once achieved prices will be higher than if we were to import the goods.
I just encountered this last night with hardcore Trumper family members. They believe his tariffs are because the tariffed countries have their military subsidized by the American government and they need to pay their fair share. They think xwe’re going to have to “feel a little pain” for a year or two, then “it” will be better. What is “it”? Who the hell knows. They certainly don’t.
My dad isn’t a Trump supporter but he sure sounds like one. He’s fine with tariffs because “we won’t be paying them”. The underlying belief is that we shouldn’t import electricity or other goods, we should be producing our own, we should be self sustaining. And these tariffs are speeding up factories to open up in the states and produce US goods. The adjustment period (a few years at most) will be hard but worth it in the end - everything will be US made. Wohoo?
Never mind that our current infrastructure is crumbling and nothing is being done about it. And Trump is siphoning off any resources the us has. Never mind that many people today live paycheck to paycheck and as a result of this self imposed trade war will starve or freeze to death in the interim. Never mind that even if the US government decided to invest in this, it would take many many many decades to make US self sustaining, and once achieved prices will be higher than if we were to import the goods.
Yanis Varoufakis explains the reasoning
That’s a great read and makes a ton of sense. Thank you!