Quote:
Originally Posted by Green_Mountain
So a similar argument can be made about all the countries that tariff US goods. This can’t be just a Trump tariff thing for those inflicted with TDS.
Based on your logic those leaders are over taxing their citizens and negatively impacting GDP. They are a threat to democracy.
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Thank you, GM. This is now the longest thread in Pgh Sandbox history, fulfilling a promise I made to tatasddd long ago.
The conflation you're making doesn't matter. If Trump would have avoided the IEEPA "reciprocal" tariffs and focused on specific products for specific, targeted effect as he did with the 232's, and with some semblance of nuance as to potential unintended consequences then the discussion would be different.
Alas, as previously mentioned he's using a brick to save his patient instead of a scalpel. I called out a couple of industries and sectors early on, on purpose to lay a marker because it was clearly apparent that his across the board tariffs and the use of tariffs to offset other protectionist measures, like quality standards, would lead to strategic responses.
Keep watching. You still haven't seen the full effects of the supply chain shocks. Or the tariff avoidance strategies of moving production to lower tariff countries. But you are seeing ag under pressure on multiple fronts. You're seeing small businesses reeling to absorb the increaes.
Go read the editorial
If Aluminum Tariffs Work, Why Ask for Relief? in the WSJ, Oct 7th and connect the dots.
