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A comment on U.S. expected to impose up to $60B in China tariffs by Friday. Parent comment

Re:U.S. expected to impose up to $60B in China tariffs by Fr... by dragonwriter on Tuesday March 20, 2018 @10:19AM (#16628747)
> Are tariffs Trump's way of making up revenues for his tax cuts?

If they are, that's a stupid idea; tariff revene may make up for the revenue lost in regular taxes due to the tariffs themselves, but there is no level of tariff that is going to meaningfully offset the Trump tax cuts, and trying would just kill the economy.

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Re:U.S. expected to impose up to $60B in China tariffs by Fr... by ksk on Tuesday March 20, 2018 @12:17PM (#16629912)
US historically had very high tariffs.

https://en.wikipedia.org/wiki/Tariffs_in_United_States_histo...

https://en.wikipedia.org/wiki/Infant_industry_argument

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Re:U.S. expected to impose up to $60B in China tariffs by Fr... by dragonwriter on Tuesday March 20, 2018 @01:27PM (#16630635)
> US historically had very high tariffs.

And...so?

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Re:U.S. expected to impose up to $60B in China tariffs by Fr... by ksk on Tuesday March 20, 2018 @02:44PM (#16631350)
Calling them a stupid idea that "would just kill the economy" is a rather unsophisticated way of looking at it. But I don't know, maybe you have a well researched opinion and are knowledgeable on this topic. We shall see !
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Re:U.S. expected to impose up to $60B in China tariffs by Fr... by setr on Tuesday March 20, 2018 @07:46PM (#16633910)
As I understood it, he's not calling tariffs stupid; he's calling an attempt to offset losses from tax refuction by imposing tariffs stupid.

Presumably, historical US was not implementing tariffs with this reason in mind.

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