Besides blanket tariffs that make everything more expensive, letting Americans buy less stuff, there will be job losses from retaliation, and less money to buy other stuff.

There is unlikely to be mass reindustrialization of the US in the face of low demand, and not being exportable products due to retaliatory tariffs. Deporting 10m people will harm housing and banking and tax revenue and other demand for stuff.

  • Flying Squid
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    fedilink
    72 months ago

    No see you don’t understand. A 1500% tariff on everything means the money trickles down because something about the national debt that I’m sure figures in there somewhere.