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rish
@rish
Democrats and Republicans fully differ on whether Trump’s tariff policies help or harm the economy if implemented like he says Anyone with good, informed takes on this?
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Mike | Abundance
@abundance
Like everything else, it's a tradeoff. Neoliberal policies (aka globalization & free trade) led to lower prices for consumers but also to deindustrialization, and knock-on effects like the opioid crisis. The way Trump describes tariffs it sounds like he's pursuing a policy to keep companies from building factories overseas (& getting foreign companies to manufacture in the US) - not merely reducing trade deficits. So that could potentially work to some extent. Whether it would work is a diff question, cuz the tariff war with China was not very successful. Not an expert on this but I do have a degree in economics fwiw
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