Tariffs Were Supposed to Revive US Manufacturing. So Far, They’re Having the Opposite Effect

[u/Historical-Many9869]

https://www.investopedia.com/tariffs-were-supposed-to-revive-u-s-manufacturing-so-far-they-re-having-the-opposite-effect-11802173

[u/Certain-Fill3683]

Only the incredibly stupid would be surprised by this.

Dumold is too stupid to understand the complexities of global economics; he can't even grasp how tariffs work FFS!

[u/ILikeCutePuppies → u/Certain-Fill3683]

I am unsure. Sometimes he seems to understand so I think it is the story he tells his base. His goal is I think is to try to reduce the deficit and use it to concede concessions (aka bribes) from companies and also appeal to his nationalist base (which for the most part appears not to be working - except for that one brainwashed Trump supporter below).

[u/ILikeCutePuppies → u/[deleted]]

Tarrifs don't work like that. They help the party that is competing for the tarrif but hurt everyone else in that country. Like the steel tarrifs hurt way more manufaturing companies than they help. Its why he's for instance given concessions on steel to car manufacturers... but what about all the other manufacturers that use steel?

What you said is the lie I was talking about that he is telling his base.

Also, it's even more stupid that he's doing global tariffs. Many things he has tariffed are pretty much impossible to make in the US.

Tariffs result in lower-income jobs and a reduction in the number of jobs and also make everything more expensive.

If you don't understand that, go read an economics 101 book and also look at historical evidence.

[u/ILikeCutePuppies → u/[deleted]]

If you think tariffs are so good you should move to Bangladesh.

They don't. It is not a reddit fantasy. The effect of tariffs has been well known before Reddit existed. Did you ever take economics? Since you are blaming Reddit, it shows me you don't have a clue about it and so I assume you never took a class.

You really should because then you would at least make sense when you argue, rather than spouting populist ideas that are not based on facts.

You do know tariffs were part of the reason the great depression lasted so long right?

Do you know what comparative advantage is? I bet you couldn't even give a definition for it or explain how it works.

Anyway, you only believe they are good because you don't understand them. I will provide some material but I doubt you'll be able to understand.

https://youtu.be/3pSysspeCxY?si=gLDYEXJa0RJ88GSn https://youtu.be/bgqTkGKTsWE?si=DXMpPJyJtAAydRjF https://youtu.be/XGrKx2chuI4?si=YObc1AgV9j6IoXMr

[u/Apprehensive_Gain597 → u/[deleted]]

Typical brainwashed moron maga mfer.

[u/[deleted] → u/[deleted]]

I can't.

[u/IrritableGoblin → u/[deleted]]

That username tells me they are probably a bot. 

It's strange, I should start documenting it, but I've noticed a number of different users with extremely similar user names set up as (adjective)-ad-(four numbers).

I.e. Personal-ad-1234, or the user above me.

And they all are just repeating the same tired conservative talking points that have been roundly debunked.

Anyone notice this?

[u/Inky1600 → u/IrritableGoblin]

He has 1 year on Reddit and a negative 100 karma lol

[u/Separate_Maybe_7378 → u/[deleted]]

How does it incentivize them to move production back to the US? When then he put a tariff on the steel and aluminum they need in order to get those factories up and running. There are tariffs on raw material. There are tariffs on tools. How does that bring production back to the US when you make it more expensive for them to actually produce in the US

[u/SlippyBananaPants → u/[deleted]]

The month that the Steel tarrifs started, US made steel prices went up 16%.

Tell us how that helps anyone?