Comment on How Will We Know If The Trump Tariffs Were A Good Idea?
yarr@feddit.nl 8 hours agoTrump is supposed to be in office for only 4 years, at best, after which his tariffs will go away. it would be easier to simply just not ship to the US. which is how trade partners responded to the Hawley-Smoot Act in 1930, and which made the Great Depression that much harder to get out of.
Yes, I think this is very wise. So, unless we are just saying “well, I guess this 3.7 years is a loss now…” that’s the end.
FuglyDuck@lemmy.world 4 hours ago
that’s jut it, though.
They’re not saying the 4 years is a loss. the producers outside of the US… they’re just going to ship to new markets, and when things get less insane, then they come back. that’s all they need to do. Spinning up production in the US is expensive, costly, and it’ll take more time to complete than the whole reason for it will last- presumably.
and if it lasts longer than four years, that’s probably going to be even worse, because then, well, yeah. the best case scenario is you get to write off all those losses. Worst case? it can get whole hell of a lot uglier as you lose IP and find yourself competing against your own designs.’
So trump’s tariffs is driving imports away and killing local development of production at the same time.
to put it in the simplest terms, it’s fucking stupid.