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This is what happens when a guy who was, according to his professor "the dumbest goddamn student I ever had" is made president.
He keeps trying to shove the triangle into the square hole while exclaiming, "it's a perfect fit".
Tariffs alone will never bring back manufacturing to the US. Those jobs are gone thanks to globalism, and why would you need them back when you could instead invest in a more service-oriented economy and with more highly specialised (and valuable) tertiary industry jobs. All tariffs do in this situation is tax everyone and drive inflation rapidly - both at a time when people are at historically high levels of personal debt.
Yes he's dumb, but on the topic of tariffs he knows it will not bring blue collar jobs back to the US_, look at his own merch or the phone he is selling, all made in China. Secondly, he didn't write Project 2025, there are smarter people than Trump pulling the strings, there is ulterior motive to push for these tariffs. I personally don't really know what, other than wrecking the economy or maybe purposefully devaluating the dollar.
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You forget the rise of the robots. No need for stupid meatbags to assemble stuff when a metalskin can ~~hallucinate~~ do it perfectly every time
That's right! Tariffs go into... The square hole!
I feel bad for anyone who has ever had to attend a meeting with trump and Von Der Layen is no different. It tops my list of most embarrassing things you could have to deal with in your lifetime as thistle point.
Trump:
"Hey Europe, how about this: I'll kick you in the nuts and you get to smile and do nothing in return. How does that sound?"
EU:
Trump thinks he made a good deal: we managed to increased all prices by 15%. Everybody needs to pay more. Lets celebrate....
If it was so good with 15%. Just think about if he did the same with the taxes. But for taxes he instead want to lower them...
Because the tariff is (mostly) a tax on the poor, it's consumers that end up footing the bill. Higher taxes impact the rich more, can't have that.