Comment by dingnuts
6 days ago
No, the issue is not that Trump doesn't have the appropriate understanding. The issue is that they are illegal tariffs.
The President does not have the power to create tariffs. Congress does!
The reason the President doesn't have this power is because the economy should not rest on the whims or understanding of any one person.
Don't forget tho part where the tariffs were imposed in violation of trade agreements and treaties the US had already negotiated and agreed to.
Congress delegated tariff power to the president after Smoot-Hawley caused such a disaster.
> The reason the President doesn't have this power is because the economy should not rest on the whims or understanding of any one person.
It's interesting to see that it just takes time for lessons to be un-learned. The reason Smoot-Hawley was such a disaster is that it took hundreds of people to agree that it was good policy in the house, which meant adding tariffs to the bill in favor of the districts they individually represented. The result was an egregiously long list of things being tariffed. They delegated it to the one person specifically because they weren't similarly beholden to so many conflicting pressures.
I don't mean any of this to defend Trump's actions, in fact the opposite: he's essentially managing to do the same thing even without politic pressures to do so. I just mean to say that it is reasonably sane for congress to have delegated tariffs in a limited capacity when this flaw was revealed.
I mean there are several issues at play here. He is being sued for the illegal tariffs since Republicans are spineless and are cool with him just doing anything so I'm focusing on the practical problems.
In this case it's not Trump but Peter Navarro [0] who doesn't understand how tariffs work, because he's apparently never looked into multiparty game theory.
Exhibit A: Navarro being sidelined and Scott Bessent put in charge of running tariff negotiations, after the bond markets spooked.
[0] https://en.m.wikipedia.org/wiki/Peter_Navarro
No it's Trump. If it wasn't made clear to you during his first term that he doesn't understand tariffs or trade deficits, he spent most of 2023 and 2024 campaigning and showing you he doesn't understand it.
Trump doesn't understand most things he does, hence why his advisors have so much power over outcomes, and policies shift as different advisors fall in and out of favor.