Trump’s bet is that the upsides will be borne disproportionately by his base, while the downsides will be borne disproportionately by Democrats’ laptop-class base. It’s not irrational to think that will be the result.
Yes everybody, we are taxing all of your groceries - but all of those American coffee and banana farms (!) will be protected.
So given that, I would have assumed that this administration would focus on making things more affordable. Instead, I'm seeing people try to explain to me that, actually, raising the prices across the board is a good thing!
To put it plainly, it seems like the administration raising prices is, in fact, not a good thing for Americans. And I don't see how American labor can produce things that are more affordable than what we can buy now. So it seems like a net negative, because ultimately they are choosing to make everything more expensive for consumers.
I'm sure there are more companies, but that is all I've seen so far.
I mean he's gone bankrupt 6 times including managing to bankrupt a casino a business where on average people give you money to get less money in return... He also confuses simple economic terms like equating trade deficits with tariffs.
That tanks the revenue from the tariffs, which would make them an ineffective replacement for income tax.