Listening to Donald talk about tariffs (“the most beautiful word in the dictionary—more than love”) and not understanding the simplest things about them, is a reminder why one of his professors at business school said, “Donald Trump was the dumbest goddamn student I ever had.”
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He doesn’t understand tariffs, what a strong dollar means, that supply & demand determine price, what trade deficits/surpluses mean, or when the Fed should implement quantitative tightening vs. easing.
https://www.nytimes.com/2024/11/26/us/mexico-tariffs-us-trump.html
Literally. That's how it's worded in the blog post.
Don’t fall for it.
Tariffs are a tool to get consumers to buy domestically made products and this country stopped being a manufacturing power a long time ago.
What an idiot.