Tariffs are not a new concept and have been used historically to build economies. Top China analysts in the Obama administration credited its economic rise to protective tariffs and high barriers to entry for any foreign companies to sell in country.
I’m probably a bit older than most lemmy users and remember when tariffs were a major talking point for democrats as a positive thing to protect American jobs. Hell, growing up in the Midwest, all my dad and his buddies that worked union jobs had to vote democrat because of their aggressive tariff policy to protect their jobs.
So what if trump is right about tariffs and it reinvigorates the American economy? Will people find another reason to credit the success to? Will it be the end of blue collar voting for the democrats?
Edit: Markets are rebounding hard, I bought low, glad Lemmy is full of pseudo intellectual economic morons. How is Lemmy going to cope now?
Since the odds are so slim of tariffs at this scale further boosting an economy that was already pretty vigorous - I think the more important question is, who are you going to scapegoat when tariffs don’t work as advertised? Immigration? George Soros? Biden? Deep State? Panama and Greenland? Her emails? Will you swallow the doublethink when Murdoch and Bezos’s fake news tell you a recession is really sort of a boom, and vodka rations are up 8%?