Meanwhile, in the normal world:https://www.reuters.com/world/americas/ecuador-president-says-new-trade-deal-with-canada-finalized-2025-02-02/"#Ecuador president says new #trade deal with #Canada finalized"Apparently, #Trump admires President #McKinley's #tariffs (same guy Trump replaced #Denali's name with)This fucking moron is trying to recreate antiquated #protectionist bullshit from the #GildedAge that doesn't work in the modern world#China will expand it's tradeCanada and Ecuador and others will bypass the #USAAnd the USA will suffer mightilySo fucking stupid
akaruiwrx
What's confusing is how it is that other countries can place tariffs on US goods and it works fine for the rest of the world but the US can't do the same. Biden put quite a few tariffs in place but no one was upset about it, granted I don't think he advertised to the public what he was doing so there's that. And Trump is kind of an idiot and has to toot his own horn all the time. I'm genuinely interested in why tariffs work for other countries but not the US what is so special about us that tariffs can't work here but can work for almost every other civilized nation.
because we've grown past that era
usa benefits much more from free trade- mercantilism is for developing countries
or as you note, isolated cases for specific reasons
what trump is doing just hits everything. any hope it will foster american manufacturing is greatly offset by the huge hit in trade. why? because old stupid assholes think the 1950s can come back?
furthermore, other countries grow stronger ties with each other
and our rivals
this is a gift to china