Re:Former President Trump is projected to win the presidency
by ericd on Wednesday November 06, 2024 @11:21AM
(#42064611)
Right, it seems likely to be disruptive in the short term, and there would be skill shortages and big holes in the domestic supply chain. I mean more abstractly/directionally. It does seem like it’d be best if it was phased in predictably over a longer period of time, but doesn’t seem like that’s the plan.
Re:Former President Trump is projected to win the presidency
by ericd on Thursday November 07, 2024 @11:37AM
(#42078193)
Elon at least seems to be against sudden implementation of tariffs, he wants them phased in in a predictable over time, he talks about exactly this near the end of his JRE interview: https://youtu.be/7qZl_5xHoBw?si=0XNnSP8psUtXLK2K&t=8426
They also talk about the problems of losing competitive pressure from protectionist systems.
There was talk about this in the first term too, and it ended up with a lot of money from tariffs being used to subsidize farmers because they found themselves doing so poorly that suicides spiked.