Tell me you don’t understand economics without telling me you don’t understand economics.
However, to break down your article, the article is trying to assert a 1-1 relationship between the statement and tariffs, instead of the broader connected points. It’s relying on the reader to be unintelligent and uninformed. In this case, you posting it would indicate they have in you, their target demographic.
I loved the line about ”Trump said he couldn’t care less if prices go up”. It’s a true statement but the author provided no context on why he’d make that statement. The context is, the cost of foreign made cars going up, will drive people to purchase domestic made cars, which drives a need for increased investment and manufacturing domestically. So, yea, a BMW will cost 25% more, whereas, Japan has invested and is investing $100s of millions of dollars to restart manufacturing of their vehicles, create jobs. Revenue generation goes up domestically, and tax revenue goes up. We get more people off of the dole, and have less reliance on the system, we’re able to reduce Government spend. Government spend goes down, less need for taxation. I should say I agree with Mr. Trump, I too dont care if German auto prices, or Canadian, or Mexican produced vehicles go up. If it brings jobs back, that’s perfectly fine with me. You’d think it would good for someone who claims to “champion the middle class”.
It’s pretty simple to anyone with even a remote understanding of supply side economics.
On a side note, we’re doing reciprocal tariffs. Meaning? We’re matching what is in place with these other countries. We’re just targeting them on areas of their highest impact. If every country in the world ceased tariffs, Trump would reduce ours to zero. Tariffs work in our case because we have what the world needs. Wealth and consumers. A country who doesn’t make or have something of value, cannot play the tariff game.
