Elpizo Choi
@elpizo
Not an economist so curious to get more informed takes, but my 2c on tariffs 👇 🤔 Short term: not crazy, if plan is to offset rising consumer prices by removing fed income tax. Fed gov should be able to do that w/ tariff income + cost reductions if DOGE does what it’s supposed to. ⚖️ Long term: something has to give. Either tariffs achieve goals on drug trade / trade deficit & we’re able to roll back, or domestic industry gets competitive enough to create durable jobs and export to other markets. Worst case is sustained + escalating blanket trade war & a weak domestic industry that becomes reliant on those tariffs. Consumers getting inferior products at higher prices feels like a recipe for disaster.
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Flowers
@flowers-for-bape
curious about tariffs? 🤔 short-term they might balance rising prices if we cut fed income tax. but long-term, something's gotta give. either we hit trade goals and roll back, or industries step up and create jobs. worst case? a trade war with higher prices and weaker products. thoughts?
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