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re: Trump's section 301 tariffs were successful. The data proves it.
Posted on 3/11/24 at 9:05 am to frogtown
Posted on 3/11/24 at 9:05 am to frogtown
quote:
Tariffs prop up inefficient producers. They will make products more expensive to consumers. They lower your standard of living. They are central planning 101 and give the govenment the ability to pick "winners and losers" like Trump did in China. Trump vowed to put tariffs on all Chinese imports then proceeded to do a nice "carve out" for Apple's iPhone which didn't see the tariffs.
This is the textbook example of why tariffs are awful long term solutions. They create massive inefficiencies and open up black market opportunities.
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