How do I explain to people that tariffs are bad
Posted by xr650r_@reddit | Libertarian | View on Reddit | 94 comments
So basically my entire family is in the MAGA cult and they're just like "oh yeah tariffs great yeah" and it's keep trying to explain that tariffs create worse products for higher prices under the guise of nationalism and if American companies had to compete internationally they would actually have to make good products for cheap but they just keep calling me a liberal like that's an insult or something.
Junifer_1@reddit
Can’t take someone serious who says “maga cult”
ShoulderIllustrious@reddit
What would you call it?
JackDeRipper494@reddit
Its a very strong republican talking point these days.
Tariffs have 2 points, they increase prices and promote internal growth.
If you buy anything tariffed, you pay more, if you work in a tariffed industry you benefit.
TWTW40@reddit
Internal growth is the goal and tariffs are a tool in growing domestic production/ jobs. The downside is potentially paying more. However, tariffs don’t always increase prices. China as an example, subsidizes their companies and drives prices of their products down to game the market. US tariffs on Chinese products generally don’t lead to increased cost of goods. This is why people say “China pays the terror”. Low cost goods from global trade benefits those with the ability for discretionary spending but increases the number of people that fall below that level.
BustAStickyNut@reddit
China subsidizes the US consumer, this is a humanitarian gift from Chinese taxpayers
EskimoPrisoner@reddit
China subsidizing the goods they send us makes the stuff we buy cheaper, and putting tariffs on them makes it more expensive. I don’t see how that isn’t obvious economics regardless of your stance on tariffs.
obsquire@reddit
Does it follow that it wasn't in China's interest to do the subsidies?
EskimoPrisoner@reddit
They certainly think it’s in their interest, but I would contend that the fact that they have never built up internal consumer demand and are currently trying to pump money into their economy are both related to the fact they’ve been giving stuff away for well below normal market prices for decades.
TWTW40@reddit
Would the subsidy be there if not for the tariffs? Even if they were, the risk is still to American jobs. More people with discretionary income would lead to a more balanced economy.
EskimoPrisoner@reddit
The subsidies have existed long before Trump began his tariff policies, so I’d say so. If all we cared about were special interests in industrial jobs we could subsidize our own industry, but most free market economists would tell you that is a bad idea. People that lose their job to economic forces historically always find new jobs. I would hope you wouldn’t want to stifle the light bulb to save candle maker jobs, but it’s the same principle.
wazoomann@reddit
Except not everyone can go to Princeton and work on Wall Street doing LBOs and Private equity to wring Pennies out of IRS loopholes - without a middle class there is no USA and so far all we see the growth of is the bureaucrat class in DC and it’s surrounding counties and the collapse of “flyover” states causing MAGA - govt employees are growing and distorting unemployment
EskimoPrisoner@reddit
All the problems you describe are due to the government increasing regulations and the bureaucracy needed to support it. It has nothing to do with free trade. In fact, adding more regulations to trade will increase the amount of bureaucrats needed.
No_Hamster_6615@reddit
0 tariffs are definitely ideal and best economically. To me at least.
Would you say that due to the US's current global position that tariffs would make sense on China since they are 'enemies' to the US.
Obviously not in my ideal version of the USA, but with the dollar being the dollar and the US military being what it is and having that global presence, wouldn't it be bad that a foreign 'enemy' is one of the few producers of a large amount of our, electronics for example? Seems more like a defense decision than an economic one.
Asking because that makes some sense to me on the surface but I don't fully understand how deep the China subsidies go and their intention. Not super well read on the subject.
EskimoPrisoner@reddit
Using tariffs punitively is basically the only way it could make sense to me, but there's an old saying about "If goods do not cross borders, armies soon will." So I'd be careful with that too.
wpyoga@reddit
If that were true, they could just stop the subsidies and avoid US tarriffs.
If that were true, they would run out of money, because they are subsidizing the US economy. Which is huge.
Also, if true, they could just impose export tarriffs on their end, thus eliminating accusations of illegal dumping.
It doesn't add up.
laelapslvi@reddit
predatory pricing
peanutbuggered@reddit
The chip shortage that affected the auto industry deserves mention. It demonstrates how dependent America has become on importing many goods like microchips. The cost of almost everything electronic will go up. The sky is the limit. It takes time get production rolling nationally. Even then the cost will still go up significantly.
Proud-Plum-8425@reddit
One of the biggest pros in my opinion is that you only pay the higher prices on things you actually consume. Who cares if the price of tvs goes up by 300% I only buy one tv. Whereas income tax is used to support a bunch of programs I don’t like and will never use. It is odd to me to see libertarians be so anti tariff. As if somehow the current income tax situation is better. I am very much enjoying this thread. Great post!
mcnello@reddit
Hard disagree. I spend about 3/4ths of the year in the Philippines - a country with absurdly high import taxes. I am not exaggerating when I say that a 30 year old car, like a 1992 Honda Civic costs $10,000+.
The taxes are oppressive and keep the local people impoverished. Imports aren't just a "nice to have". Imports are a necessity for improving the standard of living for ordinary citizens.
Proud-Plum-8425@reddit
Ty. Are we saying that tax payers are responsible for keeping the cost of other peoples vehicles down? I’d argue that my tax dollars shouldn’t be used to buy anything for anyone else or even make it cheaper. I’d say used vehicles are becoming unaffordable in North America too. Not as bad as the situation you described for sure. But getting worse not better. If the only way to support the size of the gov is either tariff or tax we need to reduce the gov simply. Thanks again for the response.
VeritasXNY@reddit
Putting a tariff on goods coming into your country you is what we did when we put sanctions on another country like China. We don't want China to have the latest and greatest when it comes to computer processors like CPUs and GPUs. So we sanction them. It doesn't make them impossible to get in China. But it does make them a lot more expensive because you have to get them on the black market. Tarrifs are like sanctioning yourself. And if sanctions are hurtful enough that we do them to our enemies... we shouldn't do them to ourselves.
escapecali603@reddit
Do you want to know why international basketball has grown so much in the last 20 years, that now we have international players that are leaps and bound better than our own home grown players?
It started when the Olympics allow actual NBA stars to participate and represent their own country.
Protectionism is just another term for government welfare, the right doesn't want to admit that.
JonnyDoeDoe@reddit
Tariffs are simply a sales tax... I'm all for it if it means lowering or removing (I can dream can't I) the income tax... Sales taxes by their nature are a voluntary tax... You don't need to pay the tax if you don't buy the stuff...
End of the day, aren't we always talking about voluntary...
Zealousideal-City-16@reddit
Do you want tarrifs or an income tax? Saying neither doesn't seem to be an option anytime soon.
NotTheOnlyGamer@reddit
Both, until the national debt is cleared.
Zealousideal-City-16@reddit
An unpopular opinion i bet, also, probably correct.
Old_Silver6133@reddit
Wasn't the country run on tariffs before income tax. I see them as good to get rid of taxes on citizens
Dacklar@reddit
Perhaps if you want to have a real conversation don't start it with your in a maga cult.
xr650r_@reddit (OP)
I dont say that to their face but it's true. I always try and be respectful about it but everything that orange hag says they eat like it's candy
headpsu@reddit
That’s team politics for you. Republicans gobble up Republican talking points policies with zero scrutiny. Democrats gobble up Democrat talking points and policies with zero scrutiny. They both then parrot them like their teams ideas are the only way forward and the other teams ideas are just pandering and impossible, and if implemented would be the end of our society.
It’s exhausting
Awkward-Intention-56@reddit
To be fair... kid is 18. He's around others who haven't found their own free thoughts yet
Automaton9000@reddit
I'll take tariffs over income taxes any day. As long as the tariffs aren't too insane. If they become a boon to US manufacturing I'm also okay with that, since we've lost a good bit.
Do you think tariffs are worse than income taxes? Assuming Trump wins and gets rid of the IRS and replaces it with tariffs, would keeping an extra 25+% of your income offset taxes you'd pay in tariffs on a variety of goods? Hard to say without hard numbers but considering that the US Federal government solely raised revenue via tariffs for almost 200 years really makes it seem less scary, especially if its paired with no income taxes.
bossky6@reddit
I work for a company that imports a lot of Chinese junk. Trump's first presidency had us scrambling to reset prices for the affected goods. The goal may have been to make America more competitive, but it just ended up causing what the end consumer saw as inflation.
Ihate_reddit_app@reddit
Isn't the whole point of his tariffs to play hardball with the other countries that have tariffs on our goods?
It's extremely hard to have even trade with countries like China and India where they already have absurd tariffs. The goal is to charge tariffs back on their goods, so that both sides make a "deal" to reduce tariffs.
The US has been getting the short end of the stick on trade for a long time with these countries. They have no incentive to play ball with us because they know they can export to us cheaper than we can make and they don't "need" our goods.
bossky6@reddit
I'm by no means a tariff expert, but the retaliatory tariff is definitely part of the equation. I can't speak to whether Trump's tariff method achieved its goal, because if China reduced or abandoned tariffs it had in place, it was with another type of good. I can see the argument of trying to win a trade war, but while it's being worked out the government is really the only one profiting.The funny thing is that we probably don't need most of the junk imported from China or India (definitely the case for my company). I know there are lot more companies than just my employer that take advantage of the low Chinese production cost of some good and ad significant margin to distribute it in the US.
mcnello@reddit
Taxing your own citizens via a tariff in order to try and make amends for another country's stupid tax policy is.... Stupid.
In the end, both governments just get more revenue and the citizens suffer. Let the free market sort out the details.
bossky6@reddit
I feel the same way. It seems to me instituting tariffs to combat other tariffs is pretty much always going to turn into an arms race. Numbers could change my mind, but I've never seen any that show anyone other than the government benefitted. I can't imagine a business doing anything other than raising their prices when their import costs go up.
ZombiesAtKendall@reddit
If they are Republican, you can’t.
They somehow think that by moving production to the US, that it will lower prices. If it was cheaper to make products in the US… they would already be made here.
I have tried explaining that tariffs riser prices, it’s a basic economic concept, they refuse to listen.
Maybe they can make an argument that it’s worth having US production for other reasons (national security for example). Or you might end up with a situation where another country dumps a bunch of cheap product, US industry folds, then they raise prices and nobody wants to take the risk of rebuilding industry in the US. But… I have never heard them make those points. Their only argument is that by having tariffs it will make products cheaper. If they are not willing to accept a basic economic reality, then I don’t think there’s anything anyone can do to convince them otherwise.
Heck, Trump constantly lies and they eat it all up. “Harris dropped out first in the democratic primaries” (hint, she didn’t)
“32,000 immigrants were dumped in Springfield” (hint, the number is much lower)
“13,099 illegals came in and committed murder under Biden and are running free” (hint, it’s over 40 years and they’re just not in ICE custody)
If they believe every lie that can be easily proven as a lie, expecting them to grasp an economic concept I think is like asking them to perform brain surgery.
beardedbaby2@reddit
Not cheaper right off, but it does produce jobs. It also gives incentives for business people to produce more things in the US so material to produce other goods can be bought cheaper bringing prices down over time.
ZombiesAtKendall@reddit
If it’s cheaper in the long run to produce things in the US, then why wouldn’t companies just produce things in the US?
aebulbul@reddit
Tariffs are good for the short term to stop america's reliance on cheap imports and to kickstart domestic production. Kickstarting domestic production creates jobs, and generally will create jobs that also pay a living once. Once we're in a spot where national production can compete globally tariffs should be removed.
Mikolf@reddit
In world where governments are not involved in industry sure. However the argument can be made for retaliatory tariffs and tariffs on industries subsidized by the foreign government, to balance things out. Suppose China subsidizes it's EV industry, allowing their manufacturers to sell their cars at half price. This continues until other auto makers go bankrupt, then they can remove the subsidy and their manufacturers can sell at even higher prices with no competition. Sure manufacturers will come back but they will be years behind.
Genubath@reddit
Why not just subsidize domestic production? That way the price of the goods don't skyrocket and it still increases the competitive advantage of domestic production over imported stuff. We already do that with corn and other agricultural products.
(I'm an anarchist. I know why it is bad, but I would like to prompt some thought)
Genubath@reddit
They are very proud of their economic literacy when it comes to things like minimum wage, student loan forgiveness, etc, but that all goes out the window when it they perceive that they will be getting the handouts.
wolfwielder@reddit
Tariffs are not inherently bad, nor are they inherently good. If tariffs are used properly they can cause change both good and bad. The Chicken Tax is a prime example of both a good and bad outcome.
Making products here is near impossible due to the over regulation we have here in the states, this includes federal, state, and local regulations that impact the cost of manufacturing. We have all heard the stories of the human rights issues, sweat shops, and poor wages where all of our goods are manufactured. We have all heard the horror stories of the folks attempting suicide at FoxCon plants in China.
So if used properly could tariffs improve the working conditions of people in other countries, maybe, not sure, nice thought though. I disagree with your overall premise that tariffs are bad, just like I disagree with Mr. Mackey about drugs being bad Mkay.
Used effectively and properly drugs are good, just like tariffs.
BitsyVirtualArt@reddit
You should start with taxes and then move to tariffs.
It's like how Milei got elected and all the news can talk about now is how bad the economy is, even though it's miles better than it was. While not wrong, it seems intentionally misleading at best.
Important-Internal33@reddit
Several angles you can bring up here, in whichever order you find relevant:
Increasing the price of foreign goods DOES NOT MAKE AMERICAN GOODS CHEAPER.
Components of American goods come from other nations. If these are tariffed, the cost of American goods is subject to rise.
America does not immediately have the infrastructure needed for domestic manufacturing on the scale needed to meet immediate needs. How does supply and demand work, again?
For people who claim they want to get rid of welfare (Republicans obviously aren't actually serious about this), what will the increase in the cost of needed goods do? Probably drive more people who are on the brink to seek and qualify for it.
Given MAGA's insistence on mass deportation, what does this do to the cost of food and construction (among other sectors of the economy) in America? Add this to the tariffs on imported food and materials.
Making the cost of foreign goods more expensive does not improve the efficiency of American production. Have these people never heard of the benefits of division of labor?
Their insistence that tariffs are "winning" a "trade war" is stupid. But then, everything is a war to these backwards culture-warriors.
kidmock@reddit
It's not so black and white.
Most taxes are bad but there are some that are less bad depending on how they are applied, who pays and why do they pay. This applies to tariffs which are an import tax as well.
If I was to rank taxes based upon how bad they are it would go.
On my scale, tariffs are bad as they increase the cost of goods imported. However, they are less bad than many others.
It's also important to note prior to 1913, the US was wholly funded by tarrifs and excise taxes.
drei_glaser94@reddit
Beautifully said. Just beautiful.
baxterstate@reddit
You forgot to mention the tax on stupidity, i.e state lottery.
beardedbaby2@reddit
You can't given the current economic situation of America.
globulator@reddit
It's basically a tax on slave labor. I think it's fair game, unless you like slavery for some reason.
timboslice1184@reddit
I'll point you to Peter Schiff's Twitter page
sillywillyfry@reddit
its just another mf tax
still remember when i asked my US history teacher 12 years ago "sooo its like taxes, but for imports?" and she tried really hard to explain that its not
NotTheOnlyGamer@reddit
It's a tax that specifically impacts economic activity. It's like a properly high vice tax.
buttholebutwholesome@reddit
I understand why they would be beneficial but yes a gamble. There isn’t a rust belt and we aren’t deindustrialized because of automation. It’s because of outsourcing jobs to cheap labor countries (ie a lot of our products are made by slaves but they’re far away so it is ok). Tariffs are a way to force the market to act a certain way ie. Tax a Chinese company’s product and people will buy the American product. I don’t think it’s libertarian but I also don’t like that we live in an off shore slave economy for actually producing things. Literally look up the use of tariffs in the 19th century. They were used to keep American industry safe. Saying they are nothing but negative is propaganda.
NotTheOnlyGamer@reddit
Also look at what they did for Japan.
Kur0d4@reddit
A key argument against tarrifs which is conspicuously absent is that when we raise tarrifs, those countries negatively effected by said tarrifs won't just accept the tarrifs. They're going to raise their own targeted tarrifs to retaliate against us. This will lead to reduced US exports and negatively harm our economy too. It's one of the reasons the great depression was so bad, many countries raised their tarrifs all at the same time including the US's Smoot–Hawley Tariff Act. Arguably the great depression would've been less severe if countries could have compensated with imports and exports.
NotTheOnlyGamer@reddit
Maybe that means those good don't get sent offshore, and instead get used internally in the US. The bigger issue from that era that really killed people was the Dust Bowl. If we can continue to produce and sell food domestically, without any exports anywhere, we'll still have massive amounts of food available.
NotTheOnlyGamer@reddit
Given that we have a situation of high wages and a business culture reliant massive imports, tariffs aren't bad for our future. They're necessary. Yes, the average cost of goods will go up, because Americans are expensive to employ. It will suck until we find a new equilibrium (or bring the minimum wage back down to a reasonable level). We need a labor tariff too, so that companies who employ offshore individuals have to pay in as though those people were being paid equally to their American counterparts.
I understand that some people have the idea that protectionism and economic isolationism are bad. On a long-term basis, I sort of agree. But the thing is, right now, we have a massive trade and labor deficit, compounded with debt. Our inflation is beyond acceptable levels. So we do need to protect ourselves and our workers. Then again, I would offer nations who hold US debt that if they forgive our debt, we'll maintain our current tariff status. If not, we put in increased import and export tariffs, so that more money stays in the US and we can see a way to paying off the debts.
syracel@reddit
From a purely economic perspective, libertarianism makes a strong case that tariffs are bad, both in theory and practice; however, from a holistic perspective, which would includes social and political concerns (i.e. national security), they may be worth it. For instance, lower cost imports of a critical resource from a rival country are risky, especially if relations sour, which could lead to costly supply chain disruptions. Therefore, it may make sense to place tariffs on those imports from said country and either source some of that supply domestically or from other allied countries. This could lead to higher costs up front; however, it factors in national security considerations and potentially catastrophic scenarios.
Psychological_Air_90@reddit
It does kind of remind me of headlines during covid that we couldnt get enough PPE and a lot of it was made in china.
poontasm@reddit
Not sure I agree with the presumption that tariffs are always bad, or conversely that “free trade” is always good. Seem like gross oversimplifications to me.
EskimoPrisoner@reddit
Free trade is always a net benefit. The fact that individual states can’t put barriers to trade up with other states is one of the best things about having united states.
asdfasdfasdfqwerty12@reddit
How can you say "always?"
Why is it so important to get cheap shit from China?
I can't imagine how you can look at our economy and workforce now vs 60 years ago and say that we are in a better place.
We are able to drop those barriers between states because we have common values. When we have free trade between nations it's much more murky. Free trade between nations benefits the global capitalists, and allows the common folk to get exploited on both sides.
I'm a libertarian, but for the common working class. Global capitalists and corporations can get fucked.
EskimoPrisoner@reddit
What makes you think any problems in the economy are cause by too much free trade instead of too much government? Why would adding more government, which is what limiting free trade is, would help? The common man benefits from more trade. The special interest groups benefit from less.
IamFrank69@reddit
Agreed. I think a lot of libertarians confuse free trade with free markets.
Free MARKETS are the key to prosperity. If we have free trade with countries that don't have free markets, we are, in fact, making our market less free, since they become enmeshed.
Full-Surround7771@reddit
Just tell them if Trump imposes tariffs then the countries who use slave labor and child labor won't be able to undercut American prices and suck money out of the American economy in an attempt to destabilize us and push the world into a globalist one world order.
DragonSurferEGO@reddit
I like to argue the point by talking about the chicken tax. If they believe a high tariff won’t impact our ability to receive goods, ask them when was the last time they saw a Mercedes or VW truck in the US? LBJ imposed a 25% tariff on trucks from European car manufacturers. The results? Reduced market availability for the public, NOT increased revenue.
Schmuck1138@reddit
Honestly, at this point I'm not sure it's worthwhile to talk to anyone from either side. They are either too stubborn, or too economically illiterate to understand that both sides are promising to raise our cost of living over reducing spending.
It's like voting to get chemically burned, and choosing between an acid burn or an alkali burn. Either way I'm getting burned.
mcnello@reddit
All taxes are bad, but some taxes are necessary. Tariffs are essentially a consumption tax, which is one of the least harmful forms of taxation. It's not that tariffs are good.... It's that an income is much worse.
Megatoasty@reddit
This is what I try to explain to people. In principle, what Trump is proposing is great. It taxes those that consume. Removes income tax. I think we all know how this will not be that however. No matter who gets into office of the two terrible choices we have we will not see progress. Only regression.
wazoomann@reddit
He has an idea but highly doubt he can implement - they’ve tried killing him twice and the bureaucracy will not let it happen. Look for impeachment again at a minimum. Unless he gets a legislative mandate in house and senate - and eve then many legislators are more interested in lining their pockets and staying in office. Why are so many attracted to lifetime “service” in DC?
swarmofpenguins@reddit
I totally agree. If the trade-off was a real offer, I would support tariffs over an income tax, and a sales tax only system would be preferable to either of those. However, we are most likely going to end up with all 3.
Muandi@reddit
This. Given how much political capital was expended to get the 2017 tax cuts passed, it seems almost impossible to even halve income taxes with comfortable majorities in taxes.
External_Rough_5983@reddit
It’s not about paying more or less. It’s about incentivizing domestic production.
wazoomann@reddit
No one cares about free market economics - they want their jobs. Protecting jobs = tariffs - if you’re not sure - look at how Japan protected its auto industry for decades at American worker expense and then circumvented unions by building plants in the us in non union states.
nuckiecapone@reddit
Look up what a tax wedge is. It shows how the consumer generally bears the impact of a price hike
Scheminem17@reddit
The tariffs themselves might not be bad for certain American industries, but the other countries’ retaliatory tariffs could be very harmful.
Ex. If the U.S. places a tariff on Chinese steel, China might place a large tariff on U.S. soybeans.
bethechaoticgood21@reddit
Show them material from an Economics class. There are simple supply and demand graphs that show how this "works".
berkough@reddit
I've heard both arguments. Honestly I haven't spent enough time researching McKinley's time in office. I haven't even played Red Dead Redemption II, and that technically takes place during McKinley's presidency 🤣.
more-beans-less-rice@reddit
They used to teach it in 8th grade US history.
more-beans-less-rice@reddit
I am surprised how many of you have become soft on taxes (tariffs), government intervention, and free trade. Maybe you all are in the wrong sub.
Bom_Ba_Dill@reddit
There’s a wonderful site called Mises.org that will be more fruitful for research than reddit
North-Tea5374@reddit
This is what i do."H h so you don't our superior products produced by our nationals to dominate the markets of our neighbors?Imagine a rice farmer.With tariffs he is gonna be forced to sell the rice with cheap price(white lie)but if tariffs are down he would sell that same rice with higher price justified by transport cost and would bring more money.How the f*ck you think this is bad"
Teembeau@reddit
Your shit is going to cost more. It's that simple. The beneficiaries of tariffs are the industries that produce goods that have tariffs.
Because BYD get a 100% tariff or whatever, the Ford is cheaper than the BYD. But it's then going to be a lot more expensive for you than the BYD.
Ford, GM and all that bought politicians to introduce these tariffs so they get your money.
And people are all like "oh, this is good". Pretty wild.
codecrushing@reddit
The tariffs are paid by the (U.S.) company doing the importing.
Say Chinese steel is $1k/ton and we want to import 500 tons. Raising tariffs by 50% means the U.S. company pays the Chinese company $500k, then it pays the government the $250k tariff.
Alive-Professor-8257@reddit
It's not like buying product from china only hurt us and benefit them. You can have better product for the price, and china subsidizes their company has its own drawback too. Money doesn't came out of nowhere, chinese gov take it form their workers, thus make their life worse and a lot of them just give up and stop trying to work hard(see tang ping), thus hurt their economy in the long run.
domexitium@reddit
Tariffs ontop of our current taxes is dumb, but that’s not what Trump is proposing. He’s tossed around the idea of tariffs in lieu of income tax. That would absolutely work, but the fed would need to go on a diet, which is a good thing, and as such probably won’t ever happen. Yes things imported would cost more, but without being taxed as much as we are, it would likely offset the difference. However, it be whole concept is to not only make that better for us tax wise, but it’s also supposed to help our production of goods and export of goods.
215gobirdss@reddit
They're bad for the United States but good for every country that has them and gets to fuck us on trade
Away_Note@reddit
I think it depends on the situation. Tariffs can be horrible if you do nothing with the current tax structure, but I think if you can move toward a more 19th American approach to Tariffs in which the government (which should cut down to early 19th century levels as well) earns most of its revenue from Tariffs, eliminates the income tax, and eliminates corporate taxes then Tariffs are not such a bad thing. It would definitely bring much industry back to the states.
stosolus@reddit
And the tariffs are standard across all products coming in and going out.
berkarov@reddit
Unfortunately, the current US economy is such a gordian knot, it's difficult to explain to people who are actually willing to listen, all the different things that would need to change to have an observable impact on any given product or service. That said, Trump stated fairly early on in his recent podcast appearance with Rogan that industry ppl cared more about cutting regulations than cutting taxes. This is your key to explain things to your family, particularly with how to address the impacts tariffs would have on goods in America. Notably how to address the price problems that would occur due to industrial and labor regulations that exist in the US currently. If they're in the MAGA cult, take it straight from the horses mouth, and add your economically literate commentary/additional explanations to it. It may not work, or it may give you the initial in you need to pry the door open further. God speed and best of luck!
SMZcrystals@reddit
Book #4 Tuttle Twins. “Food Truck Fiasco” all about protectionism. Or read “Economics in one Lesson” by Henry Hazlitt