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Trump says his tariffs could bring in trillions in revenue. Economists disagree. (www.cbsnews.com)

submitted 3 months ago by throws_lemy@lemmy.nz to c/world@quokk.au

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[–] ShadowRam@fedia.io 38 points 3 months ago (2 children)

Ya know, to make money on Tariffs there needs to be a lot of trade going on.

But your Tariffs are killing the trade...

[–] VeryInterestingTable@lemm.ee 15 points 3 months ago (1 children)

Just increase tariffs to compensate for the decrease in trades. /s

[–] Mac@mander.xyz 7 points 3 months ago

No doubt he's writing that down as we speak.

[–] shawn1122@lemm.ee 4 points 3 months ago* (last edited 3 months ago)

When he applied tariffs to washing machines in 2018, people stopped buying. Demand and production decreased resulting in domestic job losses.

Now, not everything is not a washing machine, but that doesn't bode well.

Anyone who thinks this is just a shortcut to prosperity needs to look at history. In a country that expelled the Democrats due to affordability issues, this is not going to end well.