Tariffs as a concept are fine. They're one of the economic tools available to a nation.
What's particularly damaging about Trump's approach to tariffs is the uncertainty. The targets don't always make a lot of sense. They're done haphazardly through questionable paths, which means they're subject to legal challenges. They're changed on a whim when Trump decides he needs to make a splash, or when someone says something he doesn't like, or when he wants to blow up a negotiation, or whatever.
It all leads to a situation where business owners and investors can't really be sure what the tariff landscape is 6, 12, 18, 24 months into the future. Will the tariffs survive legal challenges? Who will Trump decide to tariff next? Which tariffs might be increased drastically next week?
That is not an environment that fosters investment and business growth.
Moderate, business-oriented Democrats and Republicans would all agree with you, BUT these are a group of people that both sides of the party are railing against so they have basically no influence at this point. Even Obama, people selectively remember him fondly (or not) for his compassion and mild socialism, not for his strong free trade stance.
Comments
Tariffs as a concept are fine. They're one of the economic tools available to a nation.
What's particularly damaging about Trump's approach to tariffs is the uncertainty. The targets don't always make a lot of sense. They're done haphazardly through questionable paths, which means they're subject to legal challenges. They're changed on a whim when Trump decides he needs to make a splash, or when someone says something he doesn't like, or when he wants to blow up a negotiation, or whatever.
It all leads to a situation where business owners and investors can't really be sure what the tariff landscape is 6, 12, 18, 24 months into the future. Will the tariffs survive legal challenges? Who will Trump decide to tariff next? Which tariffs might be increased drastically next week?
That is not an environment that fosters investment and business growth.
Moderate, business-oriented Democrats and Republicans would all agree with you, BUT these are a group of people that both sides of the party are railing against so they have basically no influence at this point. Even Obama, people selectively remember him fondly (or not) for his compassion and mild socialism, not for his strong free trade stance.