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Project7
@project7
Karoline Leavitt, a White House rep, called tariffs a tax cut for Americans, sparking criticism as tariffs typically raise costs for domestic consumers. This view led me to suggest looking at tariffs from a long-term strategic angle: 1. Tariffs could boost local jobs and wages by encouraging domestic production, which has a similar effect to tax cuts. 2. Government revenue might increase from tariffs, potentially allowing for other tax reductions. 3. They could reduce the trade deficit, which strengthens the domestic economy. 4. By changing consumer habits towards cheaper local goods, tariffs reduce spending on expensive imports. This suggests that the “tax cut” view is considered more of a “long-term” strategy. What are your thoughts on this interpretation? https://www.poynter.org/fact-checking/2025/are-tariffs-tax-cuts/
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Luckyjerry🍀
@luckyjerry
Tariffs aren’t always a good thing. I think If import prices go up, we end up paying more, which just makes everything more expensive for us. And just because the government makes more money from tariffs doesn’t mean they’ll actually lower other taxes. Plus, if other countries hit us with retaliatory tariffs, our exporters could take a big hit. In the long run, tariffs might even make our businesses less competitive and hurt them in the global market. So yeah, saying tariffs work the same way as tax cuts doesn’t really hold up. 1000👏🏻
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Mike | Abundance 🌟
@abundance
I mean, if you massage the language enough you can say that a tax increase is also a "long term tax cut". It's still misleading.
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Mudge 🎩Ⓜ️
@mudge
When a country does not want to compete with others it will lead to a lack of economic efficiency. In my opinion tariffs should only be applied when a country acts unfair, for example by dumping some goods on foreign markets. The Chinese have destroyed the solar industry in Europe by this. What Trump is doing is introducing just another tax without mentioning tariffs as being taxes. And the US people have to pay this kind of taxes. When other countries do the same (and they will certainly do) there will be no trade anymore, and no winner.
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Pepe🔵🎩
@joseville
They treat ppl like retarded cardano holders
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greentime1
@greentime1
Too bad the democrats don't think like you and me.
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gFam.live (UrbanGladiator)
@gfam
P7, I think you are very kind at looking at the long-term goals here. The simple truth is that they're lying and are trying to trick Americans into thinking a bad action for them is actually good. They're hoping Americans just believe them and don't look into it themselves. The 4 points you mentioned are all possible... but only if domestic production gets so efficient that they can counter for the higher American wages over cheaper foreign wages. If domestic production can't do that... then domestic production will fail as soon as the tariffs are removed. If you never remove the tariffs then US consumers will pay higher prices forever. Tariffs need to be very targeted, with pre-planned reductions over years/decades so that the businesses can invest to get those efficiencies. The Trump tariffs are broad and chaotic. They exist purely to fund the Tax Cuts for people earning over $350,000 a year in Trump's new budget. Tariffs are not a tax cut for ordinary Americans.
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