7 upvotes, 1 direct replies (showing 1)
View submission: Report any huge price jumps here.
Targeted tariffs against our closest allies and trading partners without justification is also a horrendous economic policy.
Comment by rossmosh85 at 03/02/2025 at 16:56 UTC
4 upvotes, 0 direct replies
My point is very simply that blanket tariffs are generally speaking a horrendous economic policy. Targeted tariffs imply some thought which moves them into a potentially good idea.
For example, Chinese EVs have a 100% tariff and most people agree it's a good idea because flooding the market with Chinese EVs would be devastating to the US auto industry, which also includes VW, Kia/Hyundai and yes, even Tesla. Those industries employ a ton of people both directly and indirectly so it's simply best for the country to keep that tariff.
Is it best for the consumers? That's questionable. But for the US as a whole, I believe it's the best choice and shows a clear and recent time where tariffs are generally sensible.
Trump's policy is lunacy.