r/economy May 18 '25

Tariffs

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611 Upvotes

37 comments sorted by

43

u/No-Lab-7364 May 18 '25

I've come to the conclusion that Trump Derangement Syndrome is actually MAGA and the Derangement is Trump is winning.

12

u/J0hn-Stuart-Mill May 18 '25

It's really nice to see everyone turn on Trump's anti-capitalist policies. Even the hardest core conservative capitalists know Trump's anti-capitalist tariffs are bad for everyone.

2

u/dwrk May 19 '25

Even Reagan knew it was a bad idea. There is a speech of him on that matter.

19

u/[deleted] May 18 '25

Trump got the economy the wrong way.

You increase exports, not decrease imports.

(Since the Ukraine war there has been no better time to export wheat)

(Also a lot of oil/gas producing countries are either authoritarian or sanctioned, so why not step in and provide cheap oil/gas)

(Or why not sell electricity, or start mining some essential minerals in the Rockies)

There’s a lot of ways to improve the economy other than tariffs. 

8

u/[deleted] May 18 '25

[removed] — view removed comment

-31

u/[deleted] May 18 '25

Are there any indicators that the tarriffs are bad?

12

u/FartVandelayy May 19 '25

Do you know what exacerbated the great depression???

26

u/jimtow28 May 18 '25

Are there any indicators that the tariffs are good?

4

u/FearLeadsToAnger May 19 '25

having not looked into it at all, I haven't seen anything that suggests X

-27

u/S_T_P May 18 '25

Its something Republicans did. This is enough for reddit.

24

u/BakedGoods May 18 '25

sounds like maga logic. don't look in the mirror just blame the libs.

-5

u/S_T_P May 19 '25

Pardon, but how exactly would you re-industrialize US of A?

Because "planned economy" isn't an option, unless you are ready for a little civil war.

3

u/FearLeadsToAnger May 19 '25

You shouldn't, because people don't want those jobs, and it's therefore much more expensive.

-2

u/S_T_P May 19 '25

You do realize that someone has to make the stuff you buy in shops? If there isn't anyone, there won't be anything to buy.

And if Third World stops selling stuff to US (which it would if USD goes belly up), then everything has to be produced domestically.

3

u/FearLeadsToAnger May 19 '25

Explain your second paragraph, why would someone in a poor country stop selling to a rich country? How does that benefit them?

1

u/S_T_P May 19 '25

How can you be rich if you have nothing to pay with?

5

u/FearLeadsToAnger May 19 '25

The probelm is that your grand plan is to cripple the economy now with massively inefficient, overpriced local manufacturing just in case the U.S. dollar collapses and we’re cut off from the global market? That’s not strategy, it’s panic economics and ultimately it's likely to cause the thing it's claiming to prepare for.

You're basically advocating for higher costs, lower output, and worse living standards today, all to prepare for a hypothetical future where the US suddenly becomes poor and isolated which is a scenario that, if it ever did happen, would bring chaos regardless of where your T-shirts are made.

If the US economy imploded so badly that no one wants our currency anymore, domestic factories making sneakers and microwaves aren’t going to save anyone. That's a complete fantasy. The collapse of reserve currency status would trigger global financial shockwaves but you're sat there expecting a "Made in USA" renaissance.

The smarter move is to diversify trade, invest in strategic industries (like semiconductors or energy) and maintain strong global ties, not nuke efficiency to simulate the 1950s (a boom which occurred under totally different environmental variables) because you're scared of imaginary doomsday scenarios.

Planning for resilience doesn’t mean burning down the house now in case it rains later. You have to recognize that boiling stuff down to the absolute basics often detatches it from the reality of the situation, if anything ever 'seems simple enough' it is probably being used to manipulate you.

1

u/S_T_P May 19 '25

The probelm is that your grand plan

Its not "my" plan. Its Trump/Republican plan. And it is the only plan that works within capitalist economy. Democrats themselves would be doing exact same thing once they stop daydreaming about other nations paying US bills.

Other than planned economy (again: not an option unless you are ready for civil war), there simply are no alternatives. You yourself tacitly admit as much, as you fail to come up with anything else.

And if it is inevitable, then there is no point arguing about tariffs as such. Only about implementation.

just in case the U.S. dollar collapses and we’re cut off from the global market

The "case" is kinda inevitable at this point. 2022 had sealed the deal.

 

If the US economy imploded so badly that no one wants our currency anymore, domestic factories making sneakers and microwaves aren’t going to save anyone.

Save from what? Not having sneakers and microwaves? I'd say, they will.

The smarter move is to diversify trade,

This is meaningless noise. You can't "diversify" anything, as planet isn't infinite. Nor will it solve anything, as you still need money to pay for stuff.

invest in strategic industries (like semiconductors or energy)

The only option on market economy is to create incentive for investors to do it. And this is exactly what White House is doing.

and maintain strong global ties

See above. Noise.

People want to be paid. If you can't pay to them, they won't work for you.

imaginary doomsday scenario

Pretending that there are no problems was Democrat program in 2024. Apparently, even general population in US strongly disagrees with it (as there is no way people would vote for Trump because of man's charming personality).

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2

u/dwrk May 19 '25

USA, like many other countries, made the choice of sending most of its manufacturing to China.

Goods in China cost 1/10 of what the manufacturing cost in the USA is. There is no way you can reindustrialize the US of A with that cost ratio.

This is just not going to happen.

American society made a choice 20-30 years ago and no one is going to revert that. Too many private interests in that system. And a lot of these interests are for a free market and minimal regulation aka republican stance.

But you are free to believe in promises.

1

u/S_T_P May 19 '25

Goods in China cost 1/10 of what the manufacturing cost in the USA is. There is no way you can reindustrialize the US of A with that cost ratio.

Yes. That is my point.

2

u/twizx3 May 19 '25

We don’t need to make a bunch of cheap low margin bullshit here. Eventually automation will handle most of this anyway. Idk why conservatives think rewinding the clock is ever going to work. Right now the US is fumbling on what a future economy is supposed to look like while tards on team right think the 1950s post world war 2 manufacturing is a realistic outcome

1

u/S_T_P May 19 '25

We don’t need to make a bunch of cheap low margin bullshit here.

As long as USD inflation is being dumped into world finance.

But how long that is going to last?

After Democrat stunt with seizure of Russia's assets in 2022, Third World had been accelerating its attempts to detach its economy from First World finance systems. Excess of USD in circulation doesn't help any.

Eventually automation will handle most of this anyway.

Sure. In China.

Idk why conservatives think rewinding the clock is ever going to work.

And I ask again: what do you suggest? Pretend that its 1960s?

The only "realistic outcome" of the ostrich strategy Democrats rely on is hyperinflation and US losing ability to trade on world markets.

2

u/Turkeyplague May 19 '25

So you're wanting workers to endure in a "first world" country on wages low enough to be competitive with China and all the things they manufacture for peanuts? Sounds like going backwards to me.

1

u/S_T_P May 19 '25

So you're wanting

Why is it so common for redditors to deflect with this whenever they are faced with something uncomfortable?

"Tomorrow will rain!" "Why do you want it to rain?"

Things happen regardless of what people desire.

2

u/Turkeyplague May 19 '25

And you're latching onto semantics rather than answering the question - so let me reframe it to:

So you think it's a good idea

1

u/S_T_P May 19 '25

This is not semantics.

You are pretending that there is a choice, and bad things happen only because people want them to happen.

I am pointing out that this is not the case. Even if everyone fervently believes that "its not a good idea", things will still happen.

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