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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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nomygod
@nomygod.eth
idk does paying more for stuff sound good or bad
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rish
@rish
Right I saw this, I’m trying to see if there’s any viewpoints that put up evidence from the other direction that I’m missing
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nomygod
@nomygod.eth
i'm not good at words so i used chatgpt to help but: While tariffs aim to make imported goods less attractive, they don’t address the root issue: the lack of domestic production infrastructure. Without the capacity to produce key goods ourselves, tariffs just raise costs for consumers without creating jobs or building manufacturing capabilities. For example, the CHIPS Act is a more strategic approach. Rather than simply taxing imported semiconductors, it invests in the U.S. semiconductor industry by providing incentives for companies to build manufacturing plants domestically. This not only brings production back home but also creates high-paying jobs and reduces reliance on foreign supply chains. Another example is the Inflation Reduction Act, which includes incentives for electric vehicle (EV) manufacturing within the U.S. Instead of raising prices on imported EVs, it encourages automakers to set up facilities here, leading to local jobs and a more resilient supply chain.
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Blinky Stitt
@flashprofits.eth
https://pmc.ncbi.nlm.nih.gov/articles/PMC7255316/#:~:text=The%20findings%20suggest%20that%20tariffs,following%20an%20increase%20in%20protectionism.
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Scott Kominers
@skominers
There's essentially no support for the idea that tariffs of the type he's proposing could possibly be good for US consumers. Justin Wolfers has lots of discussion on this, with empirical evidence from other tariffs in the past. https://x.com/JustinWolfers/status/1851981851180650537?t=knXvdwgcqOWwvUVeXKEptw&s=19 https://x.com/JustinWolfers/status/1835774878714408987?t=3k7Z-zD7qxJsl8hokVTCDg&s=19
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