48 upvotes, 4 direct replies (showing 4)
Can’t wait to hear the defense of this by the usual suspects.
Honestly, why do this?
Comment by timmg at 01/02/2025 at 22:41 UTC
48 upvotes, 2 direct replies
I don't have access, but the title of the opinion piece from the Wall Street Journal's Editorial Board is "The Dumbest Trade War in History: Trump will impose 25% tariffs on Canada and Mexico for no good reason." (https://www.wsj.com/opinion/donald-trump-tariffs-25-percent-mexico-canada-trade-economy-84476fb2[1])
1: https://www.wsj.com/opinion/donald-trump-tariffs-25-percent-mexico-canada-trade-economy-84476fb2
So that's one place that isn't backing this...
Comment by kastbort2021 at 01/02/2025 at 23:24 UTC
17 upvotes, 2 direct replies
One theory is that he actually wants to abolish a bunch of taxes, and will try to use tariffs as a replacement.
So, in other words, less taxes for the rich and big business - paid by the American consumer.
One other consequence of this is that it might wipe out small and medium businesses that did not, and do not, have the capital to plan ahead. Now they'll face higher inventory costs, which might lead to less customers and canceled contracts.
Meanwhile big business have spent the past year stocking up, and have the capital reserve to outcompete those that don't have. So now they can pick up those small- and medium business for cheap.
Comment by homegrownllama at 01/02/2025 at 22:38 UTC
25 upvotes, 0 direct replies
You mean the same people that told me tariffs were just a bargaining chip? That he’s a master negotiator?
Comment by IHerebyDemandtoPost at 01/02/2025 at 23:51 UTC
8 upvotes, 0 direct replies
I’m guessing, “what about Hunter Biden?”