So what’s the current understanding of Trump’s tariffs? Was it simple market manipulation and they never intended to keep tariffs on long term? Or did the Trump govt really think this was a good idea to bring back manufacturing without understanding how this would impact the US economy and are now running from the consequences?
So what’s the current understanding of Trump’s tariffs? Was it simple market manipulation and they never intended to keep tariffs on long term? Or did the Trump govt really think this was a good idea to bring back manufacturing without understanding how this would impact the US economy and are now running from the consequences?
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Market manipulation was definitely a goal, but I do think that the admin genuinely did not understand the balance of power.
“He’s a dumb jackass doing dumb jackass shit.”
This blog has some very good analysis of the tariffs: article 1, article 2, and article 3.