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2025-03-30 12:26:15
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SufferForMe 🆘 on Nostr: nprofile1q…3q5pq The only value in tariffs (theoretically) is to make home-produced ...


The only value in tariffs (theoretically) is to make home-produced goods cheaper relative to imported goods, to push consumers to buy home-produced goods. Whilst the idea might seem sound at 1st glance (& therefore makes Trump's 'i don't care' likely true), it ignores that other countries will impose their own tariffs in retaliation. Economic isolationism may boost sales of home-grown products, but is then negated by a loss of exports. Typical political lack of joined-up thinking.
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