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Comment by SideQuark

13 days ago

Tariffs don’t increase jobs. Pretty much all Econ lit shows it lowering jobs, the same way it did during Trump I term and same as Smoot Hawley. It also moves manufacturing offshore for the same reasons Harley Davidson moved them to Europe last time - expensive materials here means expensive goods.

Next, since more expensive goods means less sales (see Ford last time), less is sold, so less workers are needed. Last Trump tariffs led to record farmer bankruptcies for a good economy, it led to ~300k manufacturing jobs loss compared to not having the tariffs, and MI had entered a manufacturing recession right before COVID hit.

If tariffs did even a fraction of the good Trump claims, they be used extensively by every country, by every state, by every manufacturer, etc.

Playing in a 21st century economy with long discredited 15th century tools will end as expected.