re: President Trump promises to end birthright citizenship

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You claim without evidence they hurt economic growth.

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History and research have shown that the economic effects often fail to live up to the hype.

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The 2018 tariffs imposed by Trump did not result in an immediate boost to manufacturing employment but instead led to a net loss of jobs and rising prices for consumers due to higher input costs and retaliatory tariffs, Federal Reserve economists noted in a 2019 paper.

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LINK


BTW: 2019 is when Trump begged the fed for help.

I don't know about "economic growth," as that is a pretty vague term, but it did hurt American consumers.

Want evidence? Let's start with Obama's tariffs.

Here you go: CNN

The study referenced is from the Peterson Institute.

Here's the Tax Foundation on the Trump/Biden tariffs:

Tax Foundation

There's no tariff that isn't going to have these effects, regardless of who imposes it. It's amazing to me that there's anybody left in 2024 who thinks otherwise.

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Those are the same nitwits who throttled the Trump economy

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Is it your opinion that they throttled Bidens economy, because rates are higher under him than Trump?

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Of course

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Interest rates are still low.

The issue is we were overheating the economy after 2009 with spending and low rates, QE.

Americans got addicted to artificially cheap money

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That depends on compensatory subsidies, etc.

In China's case those included:

Direct Subsidies: The Chinese government provided direct financial support to affected industries, such as agriculture and manufacturing, to help them absorb the costs of tariffs and maintain production levels.

Tax Reductions: China implemented tax cuts and exemptions for businesses impacted by the tariffs, reducing their overall tax burden.

Currency Manipulation: China devalued its currency to make its exports more affordable.

In other words, China subsidized US government tariff revenue and minimized US consumer impact.

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All that means is that China paid for (some of) it.

The effects were still there.

And did you not look at the links? All of those subsidies only lessened the negative impact on American consumers (as you said, "minimized"). It didn't eliminate it.

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Interest rates are still low.

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The larger issue in terms of economic growth impact is the delta.

The Fed, after inexplicably running rates up and slowing the Trump economy, sat on its hands in the spring of 2021 as inflation shot up. The Fed, in its infinite wisdom, ignored supply-demand mismatch due to Mayor Pete and Potatobrain's incompetence dealing with supply chain and labeled inflation as "transient." Remember?

The problem is every 1% increase in Treasury Auction Rates equates to an additional 1/3rd of a trillion dollars in annual debt financing, and our debt cost-of-carry soared, synched with inflation.

The Fed then had no choice but to use monetary policy (the only tool in its shed) to attempt to correct it. So it finally raised rates, which gradually brought inflation back down, negatively affecting the economy in the process.