this post was submitted on 03 Apr 2025
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Ok. The bottom line is, either it "won't do all that much"-- meaning it won't affect prices, it won't affect the economy, it'll be basically useless--or it will be disastrously expensive for ordinary people. There is no other option. The "disastrously expensive for ordinary people" is the only thing that will cause any amount of the change Trump promises: it's the mechanism by which the plan operates.
There is no option where companies just eat the tariff costs, or countries pay them. Maybe a few scattered companies and countries do, but by and large, not a chance.
Every country in the world needs all the other countries more than all of the other countries need it. There's just no real leverage, because we're all interconnected; you can snip one country out, and it'll slightly hurt everyone, but it'll wreck the country that was snipped out.
This is just such an absolutely perfect summary. I wish we could American politicians to speak this clearly to explain why this is such a bad idea.
It wouldn't matter. The public doesn't listen directly to politicians, it gets filtered through the media first, and the media picks and chooses which parts they actually report. The people who would actually hear this already know. The people who would need to hear it never will because Fox won't show it to them.