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Has anyone told him that tariffs require willing trade partners?
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this post was submitted on 16 Feb 2025
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He's so full of shit it's running out his mouth.
What built the industrial juggernaut that won the cold war was a 90% tax rate.
Also, World War II was perhaps the biggest gift for America's economy in their history. It took them from the economic slump of the Great Depression into a booming war economy that allowed it to recover. Such an economic boom likely won't ever happen again, unless the US openly declares war on another country.
What's the deal with war booms anyways? Lots of destruction and production?
Essentially all of the industrialized world was destroyed in WWII, except the US. Being the only major supplier of manufactured goods for, the entire world resulted in a huge amount of economic growth that we coasted on for half a century.