Comment by carlosjobim
3 days ago
In the first Trump presidency, it was the same outrage about tariffs, and he wasn't talking (as far as I remember) about punishment and such.
3 days ago
In the first Trump presidency, it was the same outrage about tariffs, and he wasn't talking (as far as I remember) about punishment and such.
> same outrage about tariffs
Because US is a developed country. US should not be imposing tariffs and taxing its own citizens for zero gains.
> about punishment and such
Tariffs is like taking a battle-axe and hacking your own foot. So it is definitely a punishment for US Citizens. Who do you think was paying the exorbitant 40-50% import duties? It is not the exporting country. It is the US Citizen/Company, that was importing the product/raw material, which had to pay those duties. It is a massive tax on US Citizens apart from the tax they are already paying.
Now tell all of that to the Europeans, Chinese, and South Americans.
None of them have country wide tariffs (not counting reciprocal tariffs imposed after Trump imposed tariffs).
US has nearly double the GDP of second in line: China. It can easily dump goods at lower cost compared to China or any other country on the planet and destroy domestic competition. Which is why tariffs are imposed on select industries/products. It is an anti-dumping measure.
Like I said, US is behaving like a developing country by imposing tariffs. Which is only going to hurt its own citizens.
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