Comment by SamoyedFurFluff
14 days ago
This is assuming America is even capable of producing what it needs to generate jobs or investment. There’s no point in taxing coffee from Africa; America doesn’t produce competing coffee! There’s no point in tariffing specialized electronics from China that Apple needs; US literally doesn’t have the capacity to produce these and the investment to do so will be inefficient as American labor is better put to service and knowledge sector work to produce more Apple product designs (just one example).
This is just going to make the American economy more inefficient, less able to compete internationally, and devalue American interests globally, which means America will have less clout to privilege their citizens with.
There's no point in Africa taxing imports from us under that logic?
They lower it, we lower it.
A developing country cannot possibly lower their trade deficit with USA (which is what these tariffs are based on, not if the tariffs exist in the country’s side). They literally are too poor to buy our stuff, but they can sell their stuff cheaply. This is how I get to have luxury Ethiopian coffee for less than 20$/month. There is no domestic coffee that’s competing with Ethiopian coffee (Hawaiis coffee is doing just swell).
Like, be for real, what kind of domestic banana industry do we have? We don’t, are we seriously going to be “investing” into banana crops in America? Tariffs on bananas is bananas.