Tariffs are at the center of former President Donald Trump’s economic plan. He wants to put across-the-board 60% tariffs on everything from China and 10%-20% on everything else from the rest of the world. It’s an extreme trade policy that he wants to use to generate revenue to cut taxes. But how would they work?
everyone with two brain cells knows it’s terrible for people who buy things while not wealthy.
What makes you think it’s good for the wealthy? This article is from the WSJ, not the Jacobin.
Spoiler: tariffs are bad for everyone. Regular people won’t feel the pain immediately, but if your the kind of capitalist that imports goods, especially from factories you’ve moved to Asia, the pain starts on day one.
Look at the bright side, implementing Trump’s tariffs would cause two unprecedented events:
like, a chunk of cow stabbing someone? or a wooden stake?
A Trump steak, which is worse than both.