Comment by forgetfreeman
5 days ago
"If we enrich the CCP we just end up with an adversary capable of taking us on. That's why tariffs."
This argument is absolutely accurate and somewhere between two and six decades late depending on who you feel like blaming for offshoring. Present day all we're doing is poking inflation with a stick, threatening the bond market (and eventually the dollar reserve), and encouraging economic partners to look elsewhere for stability. 3 guesses how all that ends.
The thing that really annoys me is tariffs could have been used SO much more intelligently. For example a 24 month increasing schedule. That gives business the kind of incentive to affect manufacturing and something they can plan against.
But now we have a dumpster fire and tariffs will have an even worse reputation.
It might have been better reputation-wise than the current game of chicken, but tariffs will always sour economic partnerships, which in turn leads to bolstering alternative economic partnerships...
This is objectively untrue, tariffs exist all around the world and countries are still trading.
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The tricky part is the goal is another tax cut.
Right now, after all of the other tax cuts, our budget deficit is slightly larger than the US discretionary budget.
Which means that, even if DOGE cut everything, there's still no way to close the deficit without raising taxes.
Enter the tariffs.