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What the fuck do tariffs do other than make shit more expensive for US residents?
America is the largest consumer state on planet earth. A huge amount of foreign economies rely heavily on export to the United States and tariffs can do a LOT of damage. Trump knows these tariffs are a huge bargaining chip, but it’s the type of chip you can only use to this degree once. And he’s cashing it in for… his own political clout. The natural response to this that we’re already seeing the beginning of, is countries restructuring their industry to be less reliant on the U.S. which will ultimately do far more damage to the U.S. than the U.S. can do to other countries. And once they’ve all done that, there won’t be a good reason to ramp that trade up again.
As an American this is going to suck a lot for us, but right now everything Trump is doing sucks for us. The shame of it is that no matter how bad it gets, I can’t realistically be mad at Canada, Mexico, or all of Europe over it. What other option have they been given?
If anything, they haven't condemned our fascist government enough. I think they're still largely in shock. Hopefully they'll get in the groove of the new world order without the US sooner rather than later.
There's no sense in pointless bluster. Much is happening behind the scenes.
They need to kick the US out of all those military bases around the world.
He thinks our economy is strong enough to stand on its own and that's absolutely ridiculous.
Products get expensive, US consumers don't buy as many products, countries which export those products see reduction in exports and thus taxes.
Theoretically.
From the same supporters who will shoot themselves in the foot to own the libs, this is at a much larger level.
Also, a classic facist move. Get everyone to turn on you, then propagate "the world is out to get us", and once you instill that mentality on the people, it's easier for people to believe we're the victims, and we're fighting for our liberation.
Theoretically, they encourage Americans to buy American-made alternatives to tariffed goods. In some case that will work, but the tariffs need to be targeted for that to happen. For example, putting a tariff on fishing rods might make people buy locally-made fishing rods rather than imported ones (this is an example of a retaliatory tariff Canada placed on the US btw).
This doesn't work when the tariffs are on things that aren't made locally. If you put a tariff on things that aren't made locally you just make things more expensive. If the government is sane and stable, businesses might invest in a factory to produce something that isn't made locally to take advantage of the tariffs, but that kind of thing takes time. And if you think the government might change its tariff plans before you can finish your factory, it's not worth the investment.