Tariffs

Created: 2025-04-15

>But if the strategy is only to build a wall so we can go back to digging coal, to only depending on oil and to killing the wind business and the E.V. business, then this is going to end in such a disaster. That’s the immediate problem.

Trump believes tariffs will:
* Protect U.S. manufacturing
* Bring new companies to the U.S.
* Deliver billions in new federal revenue
* Stem the flow of drugs and illegal immigration

>only three kinds of tariffs: 
* permanent protective tariffs for defense-critical industries, temporary 
* retaliatory tariffs used as bargaining chips to promote American exports, and 
* occasional country-specific tariffs used against foreign adversaries, along with financial sanctions and export controls. 
* there should be no global tariff and no tariffs for revenue at all

>You’re going to see the government having a much bigger role in economic life, picking winners and picking losers. One of the reasons that the United States moved away from tariffs as a way of funding the government back in the early 20th century was because it led to so much corruption as different interests bought their way into protection and favors from the United States government.

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Tariffs