Comment by SideburnsOfDoom
14 hours ago
> opens the door to competition. Tariff's change this and make it such that domestic producers can produce things at a cost comparable, and ideally less, than other countries.
Haha, Nope. It's more like closing a door. An actual economist says this:
"If you look at page 1 of the tariff handbook, it says: Don't tariff inputs. It's the simplest way to make it harder—more expensive—for Americans to do business. Any factory around the world can get the steel, copper, and aluminum it needs without paying a 50% upcharge, except an American factory. Think about what that will do to American competitiveness."
https://bsky.app/profile/justinwolfers.bsky.social/post/3lud...
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