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.

We’ll never know

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The big difference between the US and China is that China is often close to the bottom of the supply chain.

America doesn’t have the infrastructure already in place to supply the raw materials and basic essentials to manufacturers.

Until this is the case (and I’m phrasing it optimistically but the reality is it never can be the case), all manufacturers have to pay extra just to have access to the things they need to produce their goods.

This cost is passed on to the consumer.

Like another commenter pointed out, there just isn’t a domestic supplier of many products. Crucial rare earth metals and various other minerals just aren’t available. Heck, to my knowledge, there isn’t even a domestic manufacturer of light bulbs anymore.

Without putting anything in place before implementing these tariffs, he’s guaranteed that prices will go up on almost everything.

Most people who aren’t right-wing nut jobs know how to admit when they’re wrong about something and how to be happy for something that actually is a positive for the majority of people who aren’t already rich, regardless of how that result was achieved.

Tariffs are normal, they encourage a strong local economy that doesn’t get screwed over by a dominant economy that decides to use the trade relationship against the local economy, but they haven’t been “aggressive” since the last time they were used as an act of war and ended up causing a depression.

He won’t be right about tariffs because he (and you, I suppose) has a gross misunderstanding about how tariffs should be implemented. Tariffs are typically used to strengthen a local product. Say that we wanted to support Napa wine. We might introduce a tarrif on importing wines from our largest competitors. This would increase the cost of the foreign product in relation to the domestic product and encourage consumers to buy locally. So, why won’t this work if we just tarrif everyone for everything? Well, we don’t make everything so they’re isn’t a local option to buy instead. Not just for you, but for the companies that make the things you consume. Oh, then let’s just build up the industries to make everything. Even disregarding that we don’t have the ability to produce everything due to, well, climate and resources, that would cost many millions of dollars and years of investment before seeing a profit. Which is a nice idea if businesses had any faith that the tariffs are permanent, which they don’t not only because the current administration (likely lol) won’t be in power forever, but also because the current administration has said that they are willing to negotiate. So why bother making the investment when you can import again soon? And lastly, if we try to strong-arm everyone at the same time, they’ll just band together without us. They don’t need to trade with us if they have an alternative in a more profitable trade partner, and we’ve just incentivized the entire world to look for a better option than us. We did that. All at once. The idiocy is frankly astounding.

How in depth would you like to understand the level to which across the board tariffs from the united states are going to fuck not just the united states economy but the global economy? Education at this level is not free.

Yeah you definately sound a lot older than most lemmy users, what are you doing lurking here creep. Don’t you have a bingo game to attend or something

And the last time they have been used by the US in 1930, they ruined the economy.

The question is inconsequential.

The empirical and historical information we have demonstrates that this is a patently stupid policy.

That would certainly be quite surprising. The expression of Trump being right is flexible enough to be interpreted in various ways.

The only plausible way would be if he achieves some largely meaningless concessions and the media spins it as a win. But if the American electorate gets the idea that the US can get free stuff by throwing a fit, then any agreement is not worth the paper it is written on.

Well, I guess that’s the answer. If Trump achieves anything positive with this, then the reaction with be self-destructive.

Do you have any particular scenario in mind that ends with Trump being vindicated?

What we have seen before are small, narrowly focused tariffs. This is about as not- that as it’s possible to be and still be tariffs. So if Trump is somehow right the response will be to question everything we know about economics because we are now living in an alternate time line where taking a hammer to a complex issue that needs a scalpel will have somehow worked for literally the first time in human history. But, ya know, ask silly questions, get silly answers.

Probably MAGAs will feel so vindicated they will literally start murdering people opposed to Trump.

We’ve already seen quite a few shooting, and attacking the Capitol, and most of the people getting off mostly free.

So we’ll see even more of it.

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This thread is an example why Lemmy wont succeed as the new reigning image board.