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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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matt 💭
@matthewmorek
Protectionist economic policies are generally short term publicity stunts, that in the long term will do more harm than good and there’s plenty of real world examples: just look at what happened during the rise of Japanese car imports during 1970s-80s. It made cars more expensive for US consumers, US manufacturers less competitive (quality suffered), and in the end, Japanese went into luxury market and started kicking ass there too (Lexus). To me, the import tariffs are the worst approach to economic protectionism. You wanna be more competitive? Ask what’s holding local businesses back and then do everything to ease those burdens, but who am I to question Trump’s economic advisors? I’m just some dev, who’s not even American.
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matt 💭
@matthewmorek
There’s another angle: PRC doesn’t play fair. They subsidize absolutely everything to flood the market, exploit local rules against their competitors (look how they bullied VW into cooperation in EU). Will this help US people buy less Chinese-made goods? Only if “made in USA” is competitively priced (assuming it’s even available), or of superior quality. That said, electronics market will likely suffer regardless.
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