Comment Re: Good (Score 2) 201
in order to BEGIN planning a new factory based on tarifs, I need to know, KNOW, with damn near absolute certainty, that the tariffs I need will still be in effect when my factory finally opens its doors, a decade from now. Otherwise I canâ(TM)t risk making the investment, only to lose out before I can even finish. That is part of the reason controversial infrastructure like nuclear power plants never get completed in this country. The conditions to get them green lit last less time than it takes to get through permitting in most cases.
all the Trump tariff nonsense is good for a couple of things, and none of them are actually good for Americans. First, it pissses off trading partners, and pushes them into the arms of competitor nations (see Chinese soy purchases moving to LATAM and likely never coming back). Second, it harms us small businesses with international supply chain dependencies (so⦠almost all of them) by increasing costs. Thirdly, it favors big companies that can afford to bribe the administration into carve outs just for them (see Tim Cook and exceptions the Trump administration out in to keep iPhones and macs from becoming too expensive). And most worryingly for our economy, it favors administration insiders who can trade in the market, at the expense of everyone else, when they learn he is going to flip-flop on a tariff a day or two before the market does.