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Economy

modrepub

(3,792 posts)

2. Predicting Trump

Reply to usonian (Original post)

Thu Mar 13, 2025, 08:24 AM

Mar 13

Is like watching a drunk sailor walk back to his barrack. It’s not a straight path.

I think in the simplest terms Trump/MAGA are reacting to the US trade deficit numbers. They are trying to eliminate it and keep all the money within the border by enacting huge tariffs thinking all manufacturing will come back and everyone will have high paying jobs.

I think they are delusional on how successful this will be. And companies who supported project 2025 are in for a rude awakening. Like it or not we have to trade and function globally.

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Highlight:

The real reason Trump is waging a global trade war -- economics gurus, can you parse this? [View all] usonian Mar 9 OP

Since the Laffer Curve is mentioned, I guess they're trying to say that tariffs are like taxes... Hugin Mar 10 #1

Predicting Trump modrepub Mar 13 #2