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Trump might claim China tariff victory – but this is Capitulation Day (www.theguardian.com)

submitted 1 year ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[–] Roof_Roach@lemmygrad.ml 18 points 1 year ago* (last edited 1 year ago) (3 children)

So what’s the current understanding of Trump’s tariffs? Was it simple market manipulation and they never intended to keep tariffs on long term? Or did the Trump govt really think this was a good idea to bring back manufacturing without understanding how this would impact the US economy and are now running from the consequences?

[–] yogthos@lemmygrad.ml 18 points 1 year ago (1 children)

Market manipulation was definitely a goal, but I do think that the admin genuinely did not understand the balance of power.

[–] 201dberg@lemmygrad.ml 5 points 1 year ago

"He's a dumb jackass doing dumb jackass shit."

[–] cucumovirus@lemmygrad.ml 2 points 1 year ago

This blog has some very good analysis of the tariffs: article 1, article 2, and article 3.