pknopp
Diamond Member
- Jul 22, 2019
- 71,610
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I asked you a simple question and you ran awayAnd you ignore the question. Go figure. Losing is clearly you.Ok, now you are losing so you get angry any call me namesYou are an idiot. Every economist knows they are bad. Trump tariffs lead to decline in manufacturing, layoffs in steel, huge farmer bailout... how is that good?If tariffs were bad then every other country in the world would not have them alsoThey work as a tax. Every country has taxes. They don’t work to bring back jobs or protect industries. They always hurt consumers.
but I’ll repeat if in case you forgot
how is trump tariffs on imported chinese steel to blame for steel layoffs in the US?
Why? Because steel plants refused to update their old equipment. That costs money. It's the same kind of thinking that lead Boeing to put profits over safety.
Updating the old technology would have caused a hit on their returns so they refused to do it. Now they are paying for that.