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I am curious how all of these economic decisions play out. Are these even well thought out economic strategies? I acknowledge that I am living through this expe

by fumar 2y ago

I am curious how all of these economic decisions play out. Are these even well thought out economic strategies? I acknowledge that I am living through this experiment, and feel less in control about my destiny compared to a few years ago.

cratermoon 2y ago
About as well thought out as the Laffer curve.
- Gormo 2y ago
  With the added detriment of also being incorrect.
chasing 2y ago
> Are these even well thought out economic strategies? Have any of Trump/Musk's actions in the past month seemed particularly well thought-out? It's sharp-elbowed bullying by people who will never see any consequences for their actions.
suraci 2y ago
trump's logic is very simple: 1. make players in the room happy - tax cuts and deregulation 2. make his voters happy - tariffs and immigration control 3. enjoy the power - memecoin and cola button and there are indeed some 'well thought out' economic strategies behind tarrifs > "In theory, tariffs would be a shrinking ice cube. That you would tariff a country and then as the production comes back to the U.S. the income tax - the corporate revenues and the paid income tax - goes up and the tariff income would go down." https://www.reuters.com/markets/us/treasury-secretary-bessent-says-tariffs-aimed-bringing-manufacturing-back-us-2025-02-05/ https://www.reuters.com/markets/us/treasury-secretary-bessen... it is the strategy, as long as the US is building a laptop production industry in domestic
- randcraw 2y ago
  I think the main purpose of tariffs is to serve as a 'stick', to (supposedly) punish other countries for not doing what they're told. Trump has no concept of 'constructive engagement' or negotiation. He thinks in black and white -- do what I want or else. Tariffs are 'else', despite the fact they'll likely hurt America more than help.
- insane_dreamer 2y ago
  > there are indeed some 'well thought out' economic strategies behind tarrifs but that's not what's happening here these are retaliatory tariffs used to get other concessions out of countries -- look at Canada and Mexico besides, as you pointed out, what domestic laptop manufacturing industry is there to protect? Even if Trump were employing tariffs as intended, I'm not sure how many industries the US have that could benefit? Maybe lumber, computer chips (force TSMC to open factories here), car batteries (?)

by fumar 2y ago

cratermoon 2y ago

About as well thought out as the Laffer curve.

Gormo 2y ago
With the added detriment of also being incorrect.

chasing 2y ago

> Are these even well thought out economic strategies? Have any of Trump/Musk's actions in the past month seemed particularly well thought-out? It's sharp-elbowed bullying by people who will never see any consequences for their actions.

suraci 2y ago

trump's logic is very simple: 1. make players in the room happy - tax cuts and deregulation 2. make his voters happy - tariffs and immigration control 3. enjoy the power - memecoin and cola button and there are indeed some 'well thought out' economic strategies behind tarrifs > "In theory, tariffs would be a shrinking ice cube. That you would tariff a country and then as the production comes back to the U.S. the income tax - the corporate revenues and the paid income tax - goes up and the tariff income would go down." https://www.reuters.com/markets/us/treasury-secretary-bessent-says-tariffs-aimed-bringing-manufacturing-back-us-2025-02-05/ https://www.reuters.com/markets/us/treasury-secretary-bessen... it is the strategy, as long as the US is building a laptop production industry in domestic

randcraw 2y ago
I think the main purpose of tariffs is to serve as a 'stick', to (supposedly) punish other countries for not doing what they're told. Trump has no concept of 'constructive engagement' or negotiation. He thinks in black and white -- do what I want or else. Tariffs are 'else', despite the fact they'll likely hurt America more than help.
insane_dreamer 2y ago
> there are indeed some 'well thought out' economic strategies behind tarrifs but that's not what's happening here these are retaliatory tariffs used to get other concessions out of countries -- look at Canada and Mexico besides, as you pointed out, what domestic laptop manufacturing industry is there to protect? Even if Trump were employing tariffs as intended, I'm not sure how many industries the US have that could benefit? Maybe lumber, computer chips (force TSMC to open factories here), car batteries (?)