LogFAQs > #897064181

Jakyl25 posted...

I dont know. Thats why Im asking people who know more about the subject than I do instead of just trusting my lefty friends.

Basically an easy way to think about it is to take it to its logical conclusion.

If it's actually a good idea to add 25% steel tariffs, then that means an unmanipulated market is actually inferior. So then, what about the thousands of other markets which are unmanipulated? Bananas, concrete, paper, steak, programming, paint, whatever. What % tariffs should all those industries have? Maybe they should have % credits? If Trump knows best for steel, he knows best for all these too.

So either Trump has done an impossible amount of market research, considered all the exponential cross-cutting market effects of all industries on each other domestically and foreign with all the countries in the world, both currently and in foreseeing deep into future, and came to the smart and optimal conclusion that steel should have a 25% tariff while everything else is unaffected. Orrrrr he plucked a literal nugget of shit out his ass and is currently eating it to entertain his traditionalist blue collar base, like a chimpanzee at a unionized zoo.

Beyond that you can look at history and see how literally only terrible shit has come from tariffs and trade war. There are obviously winners in there, like in any war (I'll let you guess who the winners are in this case), but the cost is always in blood.
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_foolmo_
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