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Alexandra Barcus's avatar

They are just so evil. But it will be hard to hide the China foul up. The tariff is going to be very noticeable, and competition for scarce goods will drive prices even higher. Add on what are likely to be much higher shipping costs, the pain will reach levels of lethality.

I also think Trump’s lies about deals are very obvious to everyone. He is a braggart. If he had deals there is no way he could stop himself from talking about them.

In addition all the layoffs at car manufacturers, UPS, the government—everyone will know people (particularly in red states) who are suffering direct hits. Trump has tried to cover too many bases all at once. His lies are insufficient to the task. No school lunches. No vaccines for COViD or measles…this is where revolution begins. Hurt people’s children and they will become rabid in their opposition.

The regime’s lack of sympathy on everything from a 401k to how many dolls you can buy for Christmas is absolutely tone deaf.

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Robert Honeyman's avatar

"That flood widened the trade deficit and dragged GDP down."

No. Trade deficits do not cause economic slowdown. Layoffs and loss of confidence in stable government policies drive economic contraction. Targeting farm laborers reduces farm output. Threats of tariffs drives other nations to switch away from US suppliers in things like agricultural and military products, which *does* contribute to contraction even as it causes a widening of the trade deficit and a decrease in tax revenues.

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