Tariffs are not a new concept and have been used historically to build economies. Top China analysts in the Obama administration credited its economic rise to protective tariffs and high barriers to entry for any foreign companies to sell in country.
I’m probably a bit older than most lemmy users and remember when tariffs were a major talking point for democrats as a positive thing to protect American jobs. Hell, growing up in the Midwest, all my dad and his buddies that worked union jobs had to vote democrat because of their aggressive tariff policy to protect their jobs.
So what if trump is right about tariffs and it reinvigorates the American economy? Will people find another reason to credit the success to? Will it be the end of blue collar voting for the democrats?
Edit: Markets are rebounding hard, I bought low, glad Lemmy is full of pseudo intellectual economic morons. How is Lemmy going to cope now?
Yes, as you said, they aren’t a new concept. We have plenty of evidence, of countries that tried that again and again. We know what he is doing is stupid.
Besides, your theory on tariffs won’t even get to be tested. Kidnapping people at random on the street and sending them to concentration camps has an overwhelmingly larger impact on the economy than the tariffs. People from outside of the US will only focus at this if you start to invade other countries, but at this point, nobody inside the US should be concerned with tariffs, at all.