It doesn’t. And I didn’t claim that it did.ajax18 wrote: ↑Wed Oct 30, 2024 10:19 pmWhere in your link does it explain why Biden kept the Trump tariffs in place?canpakes wrote: ↑Mon Oct 28, 2024 12:30 am
ajax, this site offers a pretty no-nonsense appraisal on our tariff situation:
https://taxfoundation.org/research/all/ ... n-tariffs/
Tariffs do indeed seem to have some negative consequences, including reduced GDP and increased prices. Trump’s tariffs on some raw materials, once they wound their way through the manufacturing process, jumpstarted inflation.
And if these tariffs were supposed to be so good at generating cash for the government’s bottom line - as Trump claims - then that benefit doesn’t seem to have materialized for either the Trump or Biden Administration, based on our ever-increasing debt.
You appear to be offering full-throated support of a policy that has no positive effect on our debt, but that (1) makes many goods more expensive while (2) contributing to inflation. And you’re supporting a candidate that wants to increase both negative effects.
Really, ajax, it’s OK to be ‘for’ tariffs that (1) make many goods more expensive while (2) contributing to inflation. You can take that position on the basis of wanting, say, to encourage more American-made products to make it to market. You just seem to be unwilling or unable to commit to that approval, likely because you’ve been complaining so often about ‘Bidenflation’. After all, there’s nothing that Biden did, policy-wise, that Trump didn’t do to a greater extent as regards imposing tariffs and pushing inflation along.