He did that temporarily with tariffs on China. Tariffs over 60% are essentially a trade embargo since thats a cost that’s too rich for companies to eat and would make imports too cost prohibitive to meaningfully compete with domestic alternatives.
Any tariff that high is a bluff. Essentially all his tariffs are a bluff, a type of ‘worst case scenario’, so that when he strikes a ‘deal’ (no matter how meaningless), he can declare victory. He’s a TV personality. Its all for show.
The working class in the US is in for some real pain. Its too bad that so many of them voted for this.
He did that temporarily with tariffs on China. Tariffs over 60% are essentially a trade embargo since thats a cost that’s too rich for companies to eat and would make imports too cost prohibitive to meaningfully compete with domestic alternatives.
Any tariff that high is a bluff. Essentially all his tariffs are a bluff, a type of ‘worst case scenario’, so that when he strikes a ‘deal’ (no matter how meaningless), he can declare victory. He’s a TV personality. Its all for show.
The working class in the US is in for some real pain. Its too bad that so many of them voted for this.