63
Why Economists Hate Trump's Tariff Plan | WSJ
(www.youtube.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 28 Oct 2024
63 points (94.4% liked)
politics
19132 readers
3962 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
I've been a little surprised by the commentary around Trump's planned tariffs, with some "economists" saying they can't explain why he would impose them. It's like everyone has forgotten why tariffs exist at all. That's not to say it's a good thing or a bad thing but I'm disheartened that we're not taking this opportunity to educate ourselves. It feels to me like people are playing stupid just to make Trump look bad.
I would suggest that if you're following some organization who's only intent on bashing Trump's import tax and not bothering to explain what a tariff does, that you stop following that organization as a reputable news source.
I say this as someone who's shocked that any American would ever consider Trump as president (then or now) and as someone who is fed up with the bullshit that fills our media and social feeds. We are all getting dumber.
Edit: So far, these comments are doing a decent job enforcing what I'm seeing. People don't care about facts, only their own bullshit. Please don't vote or comment on this post unless you've watched the video. That's what we should be here for.
Port Piraeus was a long time ago, tariffs are a way to raise funds for the government, especially preincome tax days. Then 1789 came along and the government got tired of being a beggar, but couldn't impose taxes, so they imposed the Tariff Act of 1789. 60% tariffs would make Chinese products inviable on any market. The 10-20 on everything else will effectively eliminate the middle class. Idk whose playing stupid, the reason Trump looks bad on this is because it is bad.