Re: Biden Teaches Us About Tariffs

On 5/30/24 2:03 PM, The Horny Goat wrote:

On Thu, 30 May 2024 10:36:59 -0400, FPP <fredp1571@gmail.com> wrote:
 

You learned the wrong lesson.  Tariffs have their place... just not when
they're used to get revenge on people you don't like.
>
That's Trump.  And then he lied that China et.al. was paying for them.

 At the end of the day the customer ALWAYS pays.
 Companies that over a long enough period fail to cover all their costs
become ex-companies (or acquisition bait).
 This didn't exactly first happen in Biden's time you know...
 

Don't seem to remember any other president needing to bail out the farmers he hurt to the tune of $16,000,000,000 at a time.

American farmers are the real losers of Trump’s trade war.
Today is the beginning of President Trump’s much talked about trade war with China. With $34 billion dollars of tariffs already imposed on China and another $16 billion expected in coming weeks, the trade war is shaping up to be as real as its critics feared. As countries retaliate with tariffs and limits on U.S. agricultural products, the biggest losers might be rural America and domestic agriculture — areas often referred to as “Trump Country.” As Trump fired up his base with promises of “Make America Great Again” he is doing the opposite by hurting the very people who supported him.

Aren't tariffs supposed to HELP your own people?
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"Thou shalt not make a machine in the likeness of a man’s mind." - OC Bible  25B.G.
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