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“… President Trump’s start-and-stop expansion of tariffs on major trading partners has no analog in modern history. Yet the past can still be instructive. Previous trade disputes over everything from semiconductors to lumber to chickens have sometimes dragged out for decades, rattling international markets and boosting consumer prices.
None of the presidents who pursued those policies staked his agenda on protectionism to the same extent as Trump. His measures cover an array of products: beer from Mexico, Chinese-made toys and Canadian planes.
Economists fear that Trump’s approach could unleash forces that have unintended consequences extending far beyond his time in office.
“This is the biggest change to tariff policy that we’ve seen in recent history,” Cox said.
Washington has historically had specific goals with previous import taxes, said Douglas Irwin, an economics professor at Dartmouth College. Reagan-era tariffs on Japanese semiconductors aimed to shield the U.S. technology sector from a daunting competitor. President Nixon ended short-lived across-the-board tariffs in 1971 soon after the export juggernauts of West Germany and Japan agreed to boost the value of their currencies.
Contrary to many trade spats of past decades, the Trump White House has offered conflicting rationales for taxing foreign goods now, a sign that the coming trade wars could be open-ended.
“The problem [today] is that it’s not clear what the ask is of other countries,” Irwin said. “It’s a dramatic escalation.”
The uncertainty has already dampened consumer confidence and boosted inflation expectations, with Boston Fed researchers estimating that Trump’s early tariff proposals could add 0.5 to 0.8 percentage point to core inflation depending on the response of U.S. importers. …”
“Investors” need to view the tariff machinations for what they are - short term market manipulation grifts.investors who previously viewed Trump’s trade rhetoric as a negotiating tactic are now grappling with the possibility that there are limited offramps ahead. The stock market has been thrashed over the past month, and the White House’s one-month exemption for many Canadian and Mexican imports on Thursday didn’t stanch the bleeding.
Come on man he just needs to run that racket 3 or 4 more times and then he’ll implement the tariffs for sure. His cronies need the money.If tariffs are going to make us all rich then why does he keep delaying them and then toggling them on and off?
It's almost like Trump is just making shit up![]()
“Just making shit up.” I’d say that hits the nail on the head.If tariffs are going to make us all rich then why does he keep delaying them and then toggling them on and off?
It's almost like Trump is just making shit up![]()
Shut up about your 401ks
Old Orchard Beach in Maine (south of Portland) has been popular with Canadians for decades. It might be majority Canadian in July-September. It might suffer this summer.incidental and not backed by research, but local Halifax reddit has 2-3 posts a day I'd say asking for local recommendations for sightseeing after the poster cancelled their US trip instead to vacation within Canada. Multiply that by all places in Canada and the fact that most people do not post on reddit and I am guessing there is going to be some US tourism slump showing up in the indicators down the road.
Shut up about your 401ks