The tariffs helped some manufacturers by hurting others, for a net loss.
I'm tired of delusional politicians that think they can somehow centrally plan the economy back into the 1950's. We should be preparing American workers for the future & creating the conditions for innovation (deregulation). ⬇️
"Populist-sounding politicians can boast about 'protecting American jobs' and seem to the untrained eye to be telling the truth." The latest from of on the benefits & pirfalls of #tariffs
“Many Americans of good faith might be earnestly surprised by how tariffs have failed to restore the manufacturing sector. But students of economics shouldn’t be,” writes my friend
Trump called himself a "tariff man" and promised to restore the US manufacturing sector with his trade war. New data shows it failed. (In fact, one graph alone proves manufacturing hasn't recovered at all.) I explain for ⤵️
Populist-sounding politicians can boast about 'protecting American jobs' and seem to the untrained eye to be telling the truth. But the numbers don't lie.
Many Americans of good faith might be earnestly surprised by how Trump's tariffs have failed to restore the manufacturing sector. But the basic rules of economics predicted this outcome all along.
The tariffs helped some manufacturers by hurting others, for a net loss. That's NOT #AmericaFirst.