The Daily Populous Saturday May 10th, 2025 night edition
Authored by newrepublic.com and submitted by Aggravating_Money992

Trump has argued that tariffs are the best solution to closing the country’s trade deficits, which he has incorrectly likened to taxpayer-backed “subsidies” for other nations. He has claimed that without tariffs, the U.S. is transferring wealth to other countries while receiving nothing in exchange. He has also pitched that hiking tariffs on other nations would bring jobs and manufacturing opportunities back to American shores, but economists don’t agree with either point.

Instead, droves of financial and economic experts have insisted that tariffs on other nations will only serve to harm America and its markets, making products more expensive stateside and making American consumers less likely to spend their money (something that Trump doesn’t seem to have any problem with, actually). The Harvard Kennedy Business School even floated in April that America’s trade deficit basically doesn’t matter, writing that “Americans earn more from, or earn just about as much from, their total investments abroad as foreigners earn in the United States.”

“So if you look historically, we have felt no additional pressure about sustainability of our position,” the school wrote in an early stage tariff explainer. “As long as we borrow the money and use it productively to increase investment in the United States, it is eminently sustainable, as with any investment.”

regmaster on May 9th, 2025 at 16:35 UTC »

It's like, all the shit you need to buy to build a factory comes from foreign nations, all of which have massive tariffs. Fucking imbeciles.

LoquatMost467 on May 9th, 2025 at 16:33 UTC »

It’s laughable that anyone thinks manufacturing is coming back to a services economy.

Even if it happened, robots/AI would run the lines, not humans who need breaks, salaries, health care, pensions, etc.

So pathetically gullible maga was.

Bruce-7891 on May 9th, 2025 at 16:31 UTC »

"We just got to wait out the recession, then he's going to make us all rich. It's 4D chess not even economists understand" - typical MAGA