“…The Office of the U.S. Trade Representative released its methodology and cited an academic paper produced by four economists, including me, seemingly in support of their numbers. But they got it wrong. Very wrong. I disagree fundamentally with the government’s trade policy and approach. But even taking it at face value, our findings suggest the calculated tariffs should be dramatically smaller — perhaps one-fourth as large…”
what are these? Tariffs for ants?
They already tariffed penguins. Ants are next.
“If 1/4 tariff is good, 4x as much tariff must be 4x as good!”
Oh hey! It’s the thing I was talking about!
There is no 4D chess. This administration really is as stupid and incompetent as it appears.
This administration really is as stupid and incompetent as it appears.
I’m all for tariffs, but… Reduce by a 1/4? That is also idiotic. General tariffs are bullshit. Tariffs can and should be used, but in a surgical way. Full blast globalism allows nations like China to dump with the objective of killing other countries sectors. Also, they should be decided by political consensus, in a long term strategy, and supplemented with incentives, to allow local reindustrialization to happen.
