this post was submitted on 03 Apr 2025
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Trump says his tariffs could bring in trillions in revenue. Economists disagree. (www.cbsnews.com)
submitted 2 months ago by throws_lemy@lemmy.nz to c/world@quokk.au
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[–] shawn1122@lemm.ee 4 points 2 months ago* (last edited 2 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.