(This is in addition to the fact that imposing big, likely-illegal, capricious taxes on Americans is a de facto reduction in the freedom of all American citizens. We are being deprived of our freedom to purchase what we want from wherever we want, and now it extends far beyond cheap Chinese EVs and into practically everything. People should understand the tariffs first as an assault on our personal liberties and only second as a business matter.)
Sorry, but that is not a freedom you have in the US or anywhere else on earth. Of course you are right that tariffs on intermediate goods hurt US producers, but your claim that your freedom is being assaulted is laughable.
I agree with you that US citizens have a different suite of freedoms than those enjoyed by citizens of other countries.
But it's just factually incorrect to say that the economic freedoms of all US citizens (and residents) have not been curtailed this year.
I can't buy anything overseas anymore. For example, used guitars from Japan used to have free shipping. It's now hundreds of dollars.
I can't buy my cat's medicine from Canada anymore, and the U S. distributor was already price gauging, as the American health system is wont to do.
How is any of this make sense? Nothing prompted this.
The American public got taxed while the rich got tax breaks, and his followers are lapping it up.
That everyone was willing to stand by and let him do it (as in not apply real consequences or physically/procedurally actually stop him) is the opportunity that presented itself.
If a criminal suddenly walks by and steals your unlocked car (or breaks the window and steals it), and gets away, it’s a bit silly to stand there complaining you didn’t ask them to do that!
Cameras and bicycles are my two main hobbies. Essentially zero US production for either. Prices have gone up, but for no good reason - there's no US industry to protect.
Limited, highly-targeted tariffs can serve a purpose. But the blanket stuff we've seen this year make zero sense at a macroeconomic level.
The Trump trade policy makes no sense and has been horribly executed on op of that, but I think that in the long run moving away from a policy of "as much cheap stuff for consumers as possible no matter the externalizes" will be a good thing.
That strikes me as something akin to the broken window fallacy. Tariffs are absolutely market-distorting and absolutely lead to higher prices.
We absolutely should be leveraging lower cost of labor overseas to build cheap stuff. If there is concern about other externalities (pollution, slave labor, etc) then address those directly with sanctions, targeted tariffs, or something else.
I've yet to see a good argument that overconsumption is bad (in a general economic sense). If we're overspending (not saving, or over-leveraging) then address that directly (not via tariffs). If it's a pollution argument, then address that directly. Etc.
Nope. Japanese guitars are substantially higher quality and at lower prices than U.S. made guitars.
I'm still waiting for you to describe how this makes sense. The U.S. doesn't have the industries the foreign market has.
Obviously deals expire and can be renegotiated, but what Trump has done is just said "deal is off just because I said so, even ones that I myself previously negotiated and signed!"
Do you like to do business with people who just shred your prior deals when they change their mind? It makes no sense.
Notably, China, India, etc. still tax the every loving crap out of most imports in their jurisdiction (yes, tariffs!).
Notably, those in power in both countries live pretty cushy lives.
https://en.wikipedia.org/wiki/Economic_history_of_China_(194...
There isn’t much ‘made in the USA (actually)’ at this point.
Plenty of other places have similar import policies - and still import most things from China. Like India, and well, frankly most of the world at this point.
I have a friend I met last year who lives in China and he’s looking to move to Singapore. So I’m not super informed but also I think I have enough anecdotal knowledge that someone showing me a GDP chart won’t convince me life is better there.
But we may go in a few months after we take our daughter to her ancestral Taiwan. Then I’ll see for myself.
Many Indians told me India is rapidly approaching the West once and I went there for a friend’s wedding and they were right but in the sense that Andromeda is approaching us at 120 km/s: it’s fast but the gap is big in standard of living.
So I’m a bit hesitant to believe this stuff. I’ll see for myself.
There is a modern Bastiat style essay waiting to be written here.
War is peace. Freedom is slavery. Ignorance is strength.
I don't know why you can't just admit you're out of your depth here instead of doubling down on the dumbest and most chaotic trade policy we've ever seen.