Re:China Raises Tariffs on US Goods to 84% as Rift Escalates
by crazygringo on Wednesday April 09, 2025 @09:13AM
(#43631687)
Exactly. Core industrial capabilities is what things like Biden's CHIPS act were about. Those are targeted tariffs combined with domestic incentives.
What Trump doing is not that. It's tariffs on everything, without any distinction on whether something is important for our national security or not.
Re:China Raises Tariffs on US Goods to 84% as Rift Escalates
by rayiner on Wednesday April 09, 2025 @09:17AM
(#43631725)
Those half measures are never going to work, just like navel gazing about “the root causes of illegal immigration” don’t work. You need big hammers to fix big problems.
Re:China Raises Tariffs on US Goods to 84% as Rift Escalates
by collingreen on Wednesday April 09, 2025 @11:24AM
(#43633176)
It's fun to see people intentionally advocating for the "smash it with a hammer" approach because working with perspective and nuance is apparently ineffective "navel gazing".
I never thought the ~leopards~ hammers would ~eat~ smash MY ~face~ thumb!
Re:China Raises Tariffs on US Goods to 84% as Rift Escalates
by croon on Wednesday April 09, 2025 @09:37AM
(#43631927)
[citation needed]
Every successful tariff that I've read about through history has been:
1) Targeted on a segment.
2) Accompanied by subsidies.
3) A plan for developing competence in the segment through education and training.
Sounds a lot more like the half measure than whatever this is.
You're right in that this is a big hammer though, but that's more often used for tearing things down rather than building.
Re:China Raises Tariffs on US Goods to 84% as Rift Escalates
by lukev on Wednesday April 09, 2025 @09:31AM
(#43631860)
Neither of those are "big problems." The US was going gangbusters, from an economic perspective.
Re:China Raises Tariffs on US Goods to 84% as Rift Escalates
by pton_xd on Wednesday April 09, 2025 @09:49AM
(#43632081)
The stock market was going gangbusters. Inflation and job market have been not so great the past few years.
Re:China Raises Tariffs on US Goods to 84% as Rift Escalates
by jghn on Wednesday April 09, 2025 @10:14AM
(#43632394)
And what makes you feel that inflation & job market are about to head in a better direction?
Re:China Raises Tariffs on US Goods to 84% as Rift Escalates
by crazygringo on Wednesday April 09, 2025 @10:52AM
(#43632814)
Exactly. Tariffs are inherently inflationary, and make the economy less efficient which lowers wages, since workers will now be moved to less productive jobs. And unemployment has been low, so this isn't about lowering unemployment either...
This is a direct effect of electing a president who deeply, firmly believes that having a trade deficit means we're getting "ripped off", and who has succeeded in dismantling most of the checks and balances around this sort of thing.
There's no 4d chess here. Trump has been both serious and literal about tariffs his entire career.