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31 sats \ 6 replies \ @SimpleStacker 8 Apr \ on: Trump’s Tariffs Are Economic Folly, Top to Bottom | The Libertarian Institute econ
I don't think tariffs themselves are that foolish, but I think the formula they used and the reasoning they offered to justify it are both quite fallacious
Had the tariffs been 5% maybe 10% at most on 'a few' countries (just to be clear, Americans actually pay the tariff not the overseas country) then OK especially if they were limited in scope.
But in general it's total economic incoherence.
The libertarian institute imo has it exactly right.
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Is that why many other countries have tariffs of 40-50-100%? If tariffs are so bad for us why are they good for them? If tariffs are good for them, why can’t they be good for us?
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Is that why many other countries have tariffs of 40-50-100%?
They don't.
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It actually depends upon what product you are thinking of, doesn’t it? Try getting an American built car into South Korea, for instance. Or would that just be because of non-tariff barriers?
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I don't where the idea that other developed countries have these 'huge barriers' to american products...
actually comes from. they generally speaking don't.
tariffs don't make societies rich, productivity does. why mr trump is so obsessed with tariffs... i cant explain except to say that he is a moron
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In and ideal world there would be no tariffs, but we do not live in that world. We live in a world rife with mercantilism that is being applied by whomever thinks they can get away with it. Therefore, the job is to try to bring the real world closer to the lassie-faire, free-trade world and perhaps the removal of the mercantilist agenda from the trade going on. People don’t like being on the receiving end of the mercantilists.
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