i am no economist but slapping a 25% tariff on everything coming in and then aggravating trade partners into refusing anything going out seems like it might be a bad idea - ThreadSky

golikehellmachine.com • 6 days ago

i am no economist but slapping a 25% tariff on everything coming in and then aggravating trade partners into refusing anything going out seems like it might be a bad idea

Reposted from Aaron Rupar

Trump on the EU possibly banning food imports from the US: "I don't mind. Let them do it. Let them do it."

Comments

spdlol.bsky.social•6 days ago

I have three degrees in global supply chain management—it’s a bad idea! But if you’re in the “I want you to hit me as hard as you can” camp regarding our allies, let it rip. Impose crippling economic sanctions on us and throw the hot stove at our faces.

sjroadw.bsky.social•6 days ago

no no that can’t be right, some guy yapping on the teevee said that trade wars are good and easy to win

imagine0enigami.bsky.social•6 days ago

The prices on some goods will absolutely tank because of how much of it we export instead being turned inward, and on others it’s gonna fucking SKYROCKET. Can’t wait! 😑

bernardinpete.bsky.social•6 days ago

He talks about it like it's just charging transaction fees that will all come out in the wash, seems to be unfamiliar with the part of the economy where you actually provide goods so you need somewhere to ship them.

clivegulch.bsky.social•6 days ago

Canada, Mexico and Colombia were feeling little nervous thinking that America would use trade to just pressure them. Feel little better fighting a trade war against America if it fully commits to being the economic enemy of all.

wolfgabe.bsky.social•6 days ago

All I can think of with this statement is that the Dem attack ads will be practically writing themselves

nickfightsback.bsky.social•6 days ago

Key is “he doesn’t mind”. Won’t affect him - fuck our farmers is OK though.

58dreamstreet.bsky.social•6 days ago

Watching season 2 of The Shield and thinking "what if we *all* pressed our faces against the stove?"

raflw.bsky.social•6 days ago

At this rate, my M.I.L's once-in-a-lifetime European cruise will be inaccessible later this year because flights from America will just be turned back or impounded.

Really a brilliant demise we're having here.

incompetusrex.bsky.social•6 days ago

Trump’s economic and trade policy is turning all the gas burners on and randomly lighting matches.

3fecta.bsky.social•6 days ago

Trump going to brand all those bags of wheat and rice that USAID can't ship, and sell them as Trump Freedom Farm Products on his company website.

stevenalleyn.bsky.social•6 days ago

So Europe, China, Canada, Mexico… What’s left, realistically, in terms of markets - if they all decide fuck it we’re turning inwards as best we can?

naykrop.bsky.social•6 days ago

Canada is already turned inwards.

stevenalleyn.bsky.social•6 days ago

Hell yeah, I spend $500 on a special trip to Ottawa w/ my wife this weekend, fewer than $40 of those dollars were on American goods. Avoiding whenever possible.

naykrop.bsky.social•6 days ago

I hope you had a lovely weekend! 🥰

twoandseven.bsky.social•6 days ago

I went and looked it up: Every year, we export $4.2 billion in soybeans and almonds alone to the EU.

This is going to kill small farms, and piss off the big ones.

oneiriccanid.bsky.social•6 days ago

He thinks a trade deficit is the same thing as a budget deficit. Absolutely no clue what he’s doing.

golikehellmachine.com•6 days ago

people keep mentioning how he bailed farmers out with subsidies in the first term without realizing that what he’s saying he will do this time is too large for bailouts

effinvicta.bsky.social•6 days ago

He'll just print enough money to subsidize them, not to worry!

*faint echoes of a laughtrack*

raflw.bsky.social•6 days ago

"Wait, my loaf of bread now costs $1,427? I remember something about hyperinflation in that one class I took years ago. Wow, it sucks."

mistermix.bsky.social•6 days ago

As long as you have a sturdy wheelbarrow to carry all your dollars to the store, you'll be fine.

raflw.bsky.social•6 days ago

And your mortgage payment is now the same as your grocery bill. Take that, Wells Fargo!

tradergg.bsky.social•6 days ago

And also he does not need them to vote for him again. They think they always will be in power, so he doesn’t care if he hurts people

conjurial.bsky.social•6 days ago

not in a ZIRP world anymore where money for bailouts is free either

taalluq.bsky.social•6 days ago

Especially considering the dismantling of the USAID as well which was a major purchaser of US agriculture, esp key grains... there is a limit to what hr can subsidise, without increasing income taxes...

nhytrek.bsky.social•6 days ago

Iowa farmers are already out millions in government payments and I sure hope they're telling the Farm Bureau and our whole useless Republican delegation about it

mattkavanagh.bsky.social•6 days ago

“Let them eat ethanol” declared the mad king.

mutual-a.bsky.social•6 days ago

lol if trump disproves modern monetary theory

stemthebleeding.bsky.social•6 days ago

Actually, he didn't bail out small farmers.

He let them unalive themselves, their farms sold for pennies on the dollar to big corps in estate sales - THEN he bailed them out.

piggenres.bsky.social•6 days ago

you mean if 11 percent of an already heavily subsidized soybean market up and disappeared, it would be bad?

piggenres.bsky.social•6 days ago

corn gets the headlines because of ethanol but I don't think average Joe schmo understands how much US farmers rely on soybeans

pershing48.bsky.social•6 days ago

"Hey boss, me and the doge boys just found a ton of fraud in the crop insurance program"
"Great job boys"

cameroncorduroy.bsky.social•6 days ago

it cost ~half the tariff revenue to bail out specifically just soybean farmers last time

thedanadecker.bsky.social•6 days ago

In his first term he kept saying "I got $28 billion for farmers" (from China, I think).

But I never found out how that money came in (if it did at all) or how the farmers were assisted financially. But that's Trump, repeat a claim, even if it's stale. Repeat endlessly.

penguinguy.bsky.social•6 days ago

It's also incredibly bad within his fantasy understanding of how trade deficits work. This would dramatically increase the trade deficit, I thought you said that's bad! Not only are they incapable of understanding the facts of reality, they are incapable of critical reasoning with any set of facts.

lunkman420.bsky.social•6 days ago

"nah he wouldn't do that bro"

alexsavard.bsky.social•6 days ago

Destroy the farmers and have private equity (in which he's involved) buy them back for pennies on the dollar.

If the goal is to ruin everybody but his cabal it all makes sense.

asherd.xyz•6 days ago

Nah man, Trump is gonna be the first person in history to make autarky work

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