• orclev@lemmy.world
    link
    fedilink
    arrow-up
    17
    ·
    edit-2
    2 days ago

    Yup. It’s an ecosystem and most of it is located in other countries. By putting tariffs in place on foreign imports he’s starving what little domestic manufacturing exists of needed components and raw materials. Those same tariffs also inspire retaliatory tariffs on US exports destroying demand for US manufactured goods. He’s turning the US from a small part of a giant market into a tiny isolated island that’s missing many key materials. What little manufacturing the US had managed to hang on to is now in danger of being strangled to death.

    Improving the US manufacturing base was always going to be a tricky problem that required a subtle approach. It’s like disabling a bomb. In comes Trump and just starts ripping out wires randomly while screaming “I got it!” at the top of his lungs.

    Moron should have stuck to his usual grifts instead of trying to play at being an economist.