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greg
@gregfromstl
Maybe I'm just feeling controversial, but I don't understand what's wrong with retalitory tariffs. What am I missing here? Are we actually not being "out tariffed"? Or is there a reason other countries should have higher tariffs than us? I have zero expertise on this topic and see a lot of complaining but very little explaining. Could someone break down why the current approach is bad?
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christopher
@christopher
Short term benefit in increasing tariffs outweighs the long term loss of competitiveness by concessions enumerated in law or contract. Tit-for-tat game theory means we rapidly discover the blow-off price point for which both parties can’t afford — politically and otherwise. It worked in 2018 and will work again.
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typeof.eth 🔵
@typeof.eth
What are the short term benefits in increasing tariffs? I assumed any potential benefits would be long term, e.g. manufacturing being brought back to the states I don’t think that’s what will happen, but I thought that’s the intended purpose
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christopher
@christopher
Short term pain is increasing or stopping trade antagonistically with the United States with limited negotiations. Imagine you’re betting March Madness. Would you bet for the best team or literally everyone else? That’s what’s happening. Everyone is betting on each other knowing we’ll cave quickly.
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christopher
@christopher
Short term pain, not benefit*
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