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Chainleft
@chainleft
Clearly tariffs will hurt a lot of people and the larger economy. It will affect not just Americans but the entire world negatively this and probably even next year. This makes me sad, but the data analyst in me can't help but be curious about the long term results for the US. There's a leftist argument to bringing production to local regions (even though Trump's vision is obviously oligarchs controlling that production and not workers as it should be). I don't believe it will be positive long term either. I'm just curious to observe.
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Jawa
@jawa
They may work if implemented with any degree of consideration put into them. Clearly that’s not the case. Farmers are still working to regain market share lost from the ‘18 tariffs. I don’t have much hope even though I’m in the perfect position to benefit from them.
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callum
@csmit
Left would execute this completely differently though
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Trish🫧
@trish
I’m actually glad you said this. I’m tariff curious a little
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Ivan P
@dayofniagra
As a proper lefty I hate to say this but during Trump 1.0 it became OK to say that globalization (in the neoliberal sense) is not great. Except this time it is all packaged with xenophobic white nationalism.
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llamafacts
@llamafacts.eth
Given the level of automation and how easy it is to access these technologies now compared to a few decades ago, if production shifts back to the US it will likely be highly automated. The number of new jobs created will probably be much lower than the government expects. So while more taxes may be collected and US-based companies could benefit, I doubt it will significantly impact the jobs market—which seems to be the main goal of the tariffs (or at least that's how they're advertised).
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0xDEGEN
@0xdegxen
I guess someone has to make the hard decisions for the long term greater good
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