.@club4growth on Trump tariffs: “Tariffs, on our nation’s closest allies no less, will reverse the positive impact of President Trump’s historic tax cuts..Furthermore, history tells us tariffs will harm our nation’s economic growth..."
I don't think that's an apt comparison to prove the benefit of tariffs.
-
-
i'm not attempting to prove the benefit of tariffs as much as I am refuting the statement "history tells us tariffs will harm our nation's economic growth" history tells us no such thing. Pre-Civil War tariffs were often 25% or more on *every* imported good
-
History tells us many things. At one point maybe tariffs were fine, when our economy and supply-chains, domestically and internationally, were very different than they are today. At later points, they were not so fine.
-
goods sold in the US were produced in Europe, mainly the UK. We didnt have supply chains in 1816 because we didnt have a manufacturing base then, at all. the tariffs of 1816, 1824, and 1828 didn't crash the US economy though, they benefited it.
-
Right, no arguments. Still, this is a different era w/ a different economy. And there are examples later on of the negative consequences of tariffs. But I suppose if POTUS follows through here we'll find out how it turns out this time around.
-
right, so say "this is not a good idea for the US" then. the whole "history tells us" is designed to make Trump sound ignorant of past events, & out of step with past Presidents on trade policy, when in reality the vast majority of past Presidents did exactly what he's doing now
-
Making Trump sound ignorant wasn't my intention. I think presidents can be wrong w/out being ignorant. He's well versed on trade altho I think he draws wrong conclusions. But it's among subjects he seems most informed about.
-
no, i meant club4growth was using it in that sense, not you. all you were doing was quoting them, right? as far as Trump's knowledge, he literally is the most educated international businessman in our government so i currently am content to defer to him
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.