

By crashing the US economy, he is teaching a better lesson about fascism than any history professor.
By crashing the US economy, he is teaching a better lesson about fascism than any history professor.
Ok, another answer closer to the ground. 2 goals are often invoked. Reduce the trade deficit and increase domestic manufacturing.
… means that more goods (and services) come into the US from the rest of the world than the US delivers in return.
Reducing the trade deficit makes Americans poorer by design. There will be fewer goods available for Americans, either because they have to give up more to the rest of the world, or because they don’t come into the country in the first place.
The rest of the world is willing to loan money to people, companies, and governments in the US. It is also eager to invest in the country, because it really was a good place in which to do business. Look at the current big thing: AI. You can’t really do that in the EU, and investing in China has its own risks. Trump may actually reduce the deficit by making the US more of a South American style banana republic.
One manufactures stuff outside the US and transports it there because it is more efficient. Americans can be more profitably employed in different areas. Moving more manufacturing to the US should be expected to leave the average American poorer. It should not be expected, in isolation, to reduce the trade deficit as it creates new investment opportunities that potentially attract foreign money, increasing the deficit.
However, while Americans would be left financially poorer, there may be benefits not captured by conventional econometrics. Maybe manufacturing is more emotionally satisfying in a way that is not captured by only looking at the wages. Who knows?
Unfortunately, getting to that state will be brutal. Millions of people will have to find and learn new jobs. That is what happened when manufacturing was off-shored. Reversing that will have the same cost. Some economists have come to believe that the psychological cost of such structural changes has been vastly underestimated, and that is why trade agreements are so unpopular. The benefits from free trade may not outweigh the psychological pain and disruption of communities. Reversing free trade will have similar effects, that are likewise virtually impossible to measure.
I think the most objective benefit would arise if a war happened that disrupted trade. For example, if Trump invaded Canada and Greenland, this would probably lead to the US being embargoed. Then it would appear good to have already built manufacturing capacity in the US while it was still easy. You need physical goods to fight wars, after all.
There is no absolute, objective way to judge if some policy is a good or bad. We can only determine if some policy achieves its goals. This is difficult as different justifications for the tariffs have been given.
We can also have philosophical arguments over whether the goals are good in some abstract sense. For example, some people on the right feel that the US not having access to X-mas knick-knacks and gifts is positive, as it will force people to engage with religion.
I think that may be a literary reference.
“How Much Land Does a Man Need?” is an 1886 short story by Leo Tolstoy about a greedy man.
His servant buries him in an ordinary grave only six feet long, thus answering the question posed in the title of the story.
Ouch. Things are about to get real harsh before they get worse. I hope you are prepared.
It’s been speculated that Trump is doing this to prepare for the drop in cargo transport in the next few days. Me, I have doubts because nothing that Trump has said or done so far makes me believe that he or his sycophants are intellectually capable of that kind of rational planning. What do you think?
None of these detectors can work. It’s just snake oil for technophobes.
Understand what “positive predictive value” means to see that. Though, in this case, I doubt that even the true rates can be known or that they remain constant over time.
I had a look into the Temu and Aliexpress subreddits: Funeral mood.
we’ve had an onslaught of freight
IDK how long it takes from the ports to you, but that should end in a few days. Keep us updated!
The negative number means that far fewer ships are arriving in LA than at the same time last year.
Yes, and then, or rather now, incoming shipping collapses.
He did not point the finger at any particular paper. At least not where I saw the cartoon.
Yes. It goes from much higher than last year to much lower.
You seem to be misreading that.
You certainly have a point that doesn’t deserve to be downvoted like that.
Are you New Yorkian, by any chance?
How you figure? Trump will just fold?
Huh. Haven’t actually seen panic on Lemmy. I only see it on social media accounts of economists and logistics people.
Lemmy.world is trying very hard to comply with the law. I think the same is true for lemm.ee; in that sense, they have already caved.
Sooner or later, EU governments are going to take a closer look at the fediverse. There are very loud demands that regulations should be more vigorously enforced. Some instances may not survive.
Maybe what happens first is that some instance gets sued. Maybe by the copyright industry, but I wouldn’t be surprised if it was some disgruntled user.
The EU doesn’t value the freedom of information (“free speech”) in the same way as the US, and a lot of people on the fediverse will tell you that it’s just more American bullshit. You shouldn’t assume that there is any “we” that wants to get around regulations.