.@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..."
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.
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we were not importing goods from post-WW2 Europe in any appreciable quantity either. "history tells us" is a argumentative crutch, and is short for "i dont think this is a good idea" that might be true, but the preponderance of historical data does not say that
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Fair enough. Don't agree w/ all aspects of your argument but it's thoughtful.
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I just finished writing a paper on the Nullification Crisis of 1832-33, which was a direct result of the tariffs of 1828/1832 I mean it in the nicest way possible when I say that I know exactly what I'm talking about re: historical positions and uses of tariffs in the US
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You always strike me as knowing what you're talking about - even when I disagree w/ you. It's why I enjoy talking to you so much. When you disagree w/ me I always sit and reassess for a moment.
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well that's very kind of you to say, thank you I always try extra hard to be right when i say something to you because i feel like you're actually listening
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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.
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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.
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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
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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.
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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
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the British embargo on the US economy prior to and during the War of 1812 is what led to the US's first protectionist tariff, passed in 1816. At that time the entire Southern economy was based on selling cotton, tobacco and indigo to Europe, and the vast majority of finished-
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