He doesn’t understand the nuances of making policy decisions, so his default answer to stuff like this is to just impose tariffs because that’s all he knows. He doesn’t care to understand and would likely eat the crayons you use if you were to try to explain it to him. He’s just incapable of that sort of mental growth.
I don’t know how you can miss that, though.
Tariffs on imported goods means the price raises to cover the increased cost to import it.
Tariffs are a mechanism to encourage domestic production by making foreign competition more expensive.
It’s literally the opposite of reducing the cost to consumers.
Trump has to understand this. But he knows his rabid base do not. So he says it like it’s going to help consumers, rather than exclusively the domestic producers that are already overcharging.
You’re giving him way too much credit. Never attribute to malice what can be explained by stupidity. While Trump has certainly performed acts out of malice, he is also the epitome of stupidity. He’s suggested nuking hurricanes, injecting bleach, and has stared straight into the sun during a solar eclipse, etc, etc. He’s a terrible person of course, but he’s also a complete moron.
Sure. He’s an idiot, no argument. But I think he understands leverage, and what tariffs means to domestic leverage over their consumers because of lack of competition. But ultimately, his understanding doesn’t matter, the voters understanding does. And I doubt many who are considering voting for him understand that tariffs are worst for them personally.
I’ll slap tariffs on banana imports so people buy domestically grown bananas!
I’ll slap tariffs on cocoa imports so people buy domestically grown cocoa!
Stable Business Genius: Let’s lower prices by raising prices - checkmate liibs
Here’s his VP’s plan:
“I think we are increasingly in a situation where we are going to choose between one or the other. We’re going to have to get a little uncomfortable on some of these things or maybe you’re going to have to be willing to pay a little bit more for certain consumer goods. We may even have to be willing to attack some of the companies financially that are waging war on the American people.”
Wouldn’t it be simpler to have Mexico pay for groceries?
I’d quibble with calling it “deranged”. Illogical sure. Nonsense, even ridiculous, but not deranged.
His only real play has always been to define a scapegoat and stoke outrage. That’s the point here, rather than anything useful
No, slapping tarrifs on imported goods means they become more expensive as the tarrifs will be included in the price.
If you think that american companies that produce domestically (untariffed) will not raise their prices to maximize their profits you might have what Trump has. Plus a lot of their raw materials/components come from abroad and will also be tariffed.
Laat round of tarrifs Trump imposed led to retaliatory tarrifs by china. This hurt the US farmers so hard that most of the us tarrifs revenue went to farmers as subsidies.
Hey! USA Avocado industry would be thriving if Mexico wasn’t shipping all theirs in without a tariff.
But a sable genius once said. “What we have is a thing called the gasoline. We have gasoline. We have so much gasoline, we don’t know what to do. They don’t have gasoline. So why are we making a product that they dominate? They’re going to dominate.”
This was in reply to the question “How are you going to bring down the cost of food and groceries?”.
I think you can apply the same logic here. “What we have is a thing called the corn. We have corn. We have so much corn, we don’t know what to do. They don’t have corn. So why are we making a product [avocados] that they dominate? They’re [Mexico] going to dominate.”
It’s bad when you are the most vocally anti regulation party, and cato goes at you.
Raw Story - News Source Context (Click to view Full Report)
Information for Raw Story:
MBFC: Left - Credibility: High - Factual Reporting: High - United States of America
Wikipedia about this sourceSearch topics on Ground.News
https://www.rawstory.com/deranged-experts-tear-trump-s-plan-on-grocery-prices-to-pieces/
