Comment by ajross
8 months ago
My guess is the tariff thing is just a fad and no one actually wants a trade war. It's something Trump personally thinks is a good idea, and that sounds good in a stump speech. But all the folks advising him, including the ones from our own subculture (Musk, Ackman, Sacks) know better.
I'm choosing this moment to try to be optimistic: if Trumps turns over the reins of government to a bunch of technocrats... it's not the worst possible thing that can happen.
The real question is who's going to restrain him from turning the DoJ into a revenge organ. The rule of law is historically very hard to get back once its lost.
A major reason for the tariff thing is that free trade has a lot of losers, and those were left out to dry, and even ridiculed.
Another reason is that being economically dependent on foreign countries can be quite risky. E.g. if China gets economically independent from the west but the west is still dependent on China, China will have immense power over the west.
Yeah, I get the arguments. They're just wrong. I'm not aware of a single time in history where a trade war worked to the advantage of the instigator. If you really want this, for the reasons you say, it's because we're already losing and cutting us off from the "enemy" just accelerates the loss.
Trade makes everyone richer, and the cost is that some of the people you don't want to be rich get rich. But willfully choosing to be poor doesn't fix that.
> My guess is the tariff thing is just a fad and no one actually wants a trade war. It's something Trump personally thinks is a good idea, and that sounds good in a stump speech. But all the folks advising him, including the ones from our own subculture (Musk, Ackman, Sacks) know better.
They aren't doing it for economic purposes but for political ones: They are nationalist authoritarians; tariffs are not only nationalistic policy, they undermine international institutions and cooperation.
> if Trumps turns over the reins of government to a bunch of technocrats
That seems like the opposite of Trump's behavior, campaign promises, and plans.
Pretty sure that if Trump learned anything from term one its that he shouldnt rely on technocrats and should try to install as many sycophants as possible.