A good (if anti-tariff from the outset) explainer on tariffs in general. Worth reading given that a) it’s apparently Trump’s only economic policy, b) he might win & c) Congress might then help him w/supporting legislation.https://thedispatch.com/newsle...
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A good (if anti-tariff from the outset) explainer on tariffs in general. Worth reading given that a) it’s apparently Trump’s only economic policy, b) he might win & c) Congress might then help him w/supporting legislation.
https://thedispatch.com/newsletter/capitolism/tariff-myths-debunked/ -
MugsysRapSheet 🔩🐑🐘replied to GovTrack.us last edited by
@GovTrack
I'd REALLY like a *knowledgeable* reporter to ask the #BankruptcyBarron to explain how #tariffs "DON"T" cause prices to go up.T****'s understanding: If you put a tariff on imported goods, they are more expensive, making "American Made" products more competitive.
Sounds good.
PROBLEM: Where's the incentive for American manufacturers to LOWER their prices? If a tariffed product is MORE expensive, U.S. made product prices will GO UP to match them. Only solution? A #WindfallProfitsTax
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@GovTrack this Republican Party really seems to like the late 19th century.