News for hackers. Stuff that matters.
Re:Kiel Institute Analysis: US Americans pay 96% of tariff b... by ifwinterco on Monday January 19, 2026 @11:43AM (#46681091)
Tariffs could make sense economically, but even in that case, they would "hurt consumers", because that's the whole point - address the imbalance between consumption and production currently being made to add up with constantly increasing debt.

If you were going to do that though, it would be more like a 10-20% blanket tariff on all goods. No exceptions, no special deals, and you can't use tariffs as a negotiating tool. So that's not what's going on and the current approach doesn't make any sense economically

Re:Kiel Institute Analysis: US Americans pay 96% of tariff b... by estearum on Monday January 19, 2026 @11:44AM (#46681114)
Or you can use tariffs in a highly targeted way to try defend certain domestic industries from foreign competition. But as is common with this administration, they're doing everything in the dumbest and least productive way possible.
Re:Kiel Institute Analysis: US Americans pay 96% of tariff b... by ifwinterco on Monday January 19, 2026 @11:57AM (#46681348)
Yep you're right, that would be another possible legitimate (sort of) use of tariffs. Make the case that (for example) steel production is a vital national interest which must be defended even if it results in higher steel prices.

Of course it will result in higher prices, that's the point, but also the part politicians aren't too keen to spell out

Re:Kiel Institute Analysis: US Americans pay 96% of tariff b... by greenavocado on Monday January 19, 2026 @12:16PM (#46681648)
You misunderstand. Tariffs have always been in place like this. They are just expanded now. Enacted in 1988 via the Omnibus Trade and Competitiveness Act, the HTS replaced the older Tariff Schedules of the United States and took effect January 1, 1989. It aligns with the World Customs Organization's HS, adopted globally by over 200 countries. https://hts.usitc.gov/

You can see the archive going to "2015 and older" here https://hts.usitc.gov/download/archive

Re:Kiel Institute Analysis: US Americans pay 96% of tariff b... by estearum on Monday January 19, 2026 @12:24PM (#46681771)
Do you think I’m under the belief tariffs are actually new?

Sorry buddy but it is you who misunderstands.