This will be an excuse for similar dummies around the world. It's a significant % of every country, that want to try to wag the dog like that. It's easier to manage corruption through tariffs than other ways, which I'm sure is part of Trump's plan as well.
We've had no pro-tariff vs free trade debate in America, because it that happened in the 30's, and since then it's been settled and agreed on. But all those people are long gone, and now we have to revisit a bunch of economics that was well-proven, a very long time ago.
Going forward, virtually every large American company will stop at the US shoreline. We can't sell overseas anymore, they will all be protected markets with barriers. If sustained, this will kill -thousands- of them, for no gain that can be realized within a decade, if ever.
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u/Heel-and-Toe-Shifter 1d ago
So who is (checks notes) "fairly stupid" now?