THE WORST DEFENSE OF THE TRUMP TARIFFS:
I wrote in the newsletter today about how annoying it is to hear people talk about how we need these tariffs to reindustrialize and counter China in high tech manufacturing.
We were literally just doing that!
Sub here https://www.bloomberg.com/account/newsletters/odd-lots
I wrote in the newsletter today about how annoying it is to hear people talk about how we need these tariffs to reindustrialize and counter China in high tech manufacturing.
We were literally just doing that!
Sub here https://www.bloomberg.com/account/newsletters/odd-lots
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Comments
EU bought 427bln from US
US bought 319bln from EU
The US is ripping the EU off!!!!! 😉
I also happen to have a $15000 trade deficit with my grocery store but we won’t mention that even though it’s terribly unfair
US converted from physical manufacturing to virtual manufacturing. But People couldn't comprehend that.
I am sure it’s all very unfair.😆
Republican states not buying enough from CA and NY. Let’s put some tariffs on them.
https://www.bloomberg.com/news/newsletters/2025-04-08/the-worst-defense-of-trump-s-tariffs
So....you know. Plenty of liberals failed to pay attention too. And got suckered into stupid one issue voting/ negativity
1. Tariffs
2. Something
3. Something
4. Something
5. America manufactures everything
I'm old enough to remember the Scott Walker - Foxconn boondoggle:
https://www.dissentmagazine.org/article/wisconsin-foxconn-factory-scott-walker-jobs-guarantee/
Democrats make the economy stronger? nope, didn't happen.
Republicans wreck the working class? Nuh-uh, didn't happen.
Race to the bottom.
but i guess trump just want America behave like a mob boss. they are not protectionist policies, they are mercantilist policies.
;)
But yeah, there was the thoughtful industrial policy and just as it was getting going the idiots we put in charge called it “woke” and tore it all down (along with so much much more.)
And now we are here.
You can pay all your workers better and protect social safety nets - rather than threatening the entire world!
Look here how service economy can work well:
Biden tariffed Chinese electric cars to help US manufacturers (didn’t convince Elon tho) against the better BYD models. Americans lost with this move.
Otherwise, we’re a mature society that has moved past manufacturing