- Feb 22, 2017
- 104,177
- 35,000
- 2,290
Let's say for example, Trump got his way and taxed TF out of imports. So much so that it equaled the amount of the final sale price of American goods. Americans would be forced to spend more for the Chinese crap. Or buy American products.
As was pointed out above, Trump never tried or even said he wanted to tax/tariff imports so much that they would equal the final sale price of American goods. Had he wanted to he could have.
Buying American products means more jobs for Americans. It means more money staying in America.
Economics 101: More money staying in America, means less money the government has to borrow from the Fed, to maintain the economy. Which means that not only the money we have to pay back to the fed keeps from growing, but also the interest.
People are freaking out over the inflation this year, just imagine the inflation if suddenly everything we bought was at the price of it being made in America. It would make what we are experiencing this year a walk in the park.
For the record, a trade war with China used to be something that the democrats would support, back when the democrats stood for the American working class. Now, the democrats care more about tranny rights, than the American working class.
This is true, it was for sure a very "lefty" thing to do.
I would put forth where Trump went wrong was that he did not just start a trade war with China but with the whole world at the same time. This was a huge mistake. The smarter move would have been to get the rest of the world on board with us vs China. Instead he drove people to China's side