The past week's trade policy showdown triggered outrage in Mexico and Canada. Spectators at National Hockey League and NBA games in Canada over the weekend booed the U.S. national anthem.
Tag: trump
Prepare for Implosion
Tariffs hurt people, and the people they hurt the most are those who have the least. In this regard, while attempting to lay off the entire government is austerity, deciding you’re going to have 25% less stuff (which is another way to think about 25% tariffs, at an equivalent price level), is going to result in chaos, a kind which most living Americans have never really seen. We’re talking 1930s level consequences.
What happens to the money?
We can object to many of these policies on grounds of the impacts on social services, or being unjust, but I think that when the actual negative impact of these policies is felt by the public, that will be far more likely to result in resistance to those policies.