"[Trump] believes, correctly, that we could hurt [Canada and Mexico] a lot more than they could hurt us. It just increasingly seems like it’s the 'hurt' that matters here. Because we can hurt them, we should hurt them."
Very accessible piece 👇 for your friends/family who don't understand tariffs.
Very accessible piece 👇 for your friends/family who don't understand tariffs.
Reposted from
Jared Bernstein
Reflections on Tariff Week:
--Make up your mind: Are you consumers or workers!?
--Why are they doing this?
--How intermediate inputs scramble the (already expensive) omelet.
econjared.substack.com/p/a-few-refl...
--Make up your mind: Are you consumers or workers!?
--Why are they doing this?
--How intermediate inputs scramble the (already expensive) omelet.
econjared.substack.com/p/a-few-refl...
Comments
The U.S. is in a deep existential crisis over what being American even means.
When a leader's goal is to divide, rather than unite, the nation always loses.
Bye-bye USA. Hello Canexico!