Aside from the general issues about Trump‘s tariff and his economic nationalism strategy, today’s actions against Canada and Mexico are inexplicable and dangerous. 1/8
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Second, as the tariffs are passed on to consumers and then other firms raise prices to match their competitors’ higher prices, this will hurt American job creation by making American firms less competitive. Much of what we export, involves imported inputs. 3/8
Fourth, it is hard to imagine a better way to increase migration on our southern border than by destabilizing the Mexican economy, as these tariffs set out to do. 5/8
almost certainly a plus in trumps eyes, as it gives him a permanent 'crisis' he can fearmonger about and use as a pretense for consolidating power. actually solving the supposed issue would rid him of that tool
Fifth, as the opening foreign policy move of a new Administration, this punishes our closest allies and rewards our adversaries. The idea of diplomacy is to unite your allies and divide your adversaries. Why are we doing the opposite? 6/8
If the United States shows that it is willing to arbitrarily impose tariffs as a form of hostage taking for leverage, then other countries will find us a bad partner. This will undermine our economy, our power and our national security. 7/8
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