The only time tariffs are good for an economy is when there is domestic capacity to quickly replace the flow of goods impeded by the tariffs.
In literally any other situation, tariffs harm the economy of the country imposing them.
The United States does not have domestic capacity to replace the goods Trump is putting tariffs on.
That leaves two possibilities:
1) Trump is a complete idiot.
2) Trump is hurting the economy on purpose.
These are not mutually exclusive.
#politics #USPol
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Jonathan Kamens (jik@federate.social)'s status on Thursday, 13-Mar-2025 03:19:13 JST Jonathan Kamens