| ▲ | Hammershaft 2 hours ago | |
Economists universally think tariffs are dumb policy. https://kentclarkcenter.org/surveys/steel-and-aluminum-tarif... Literally 100% of the 50 expert economists polled by the Kent Clark Center think tariffs overall make Americans worse off. Nobody in politics can say this simple truth because the rust belt states are critical swing states. | ||
| ▲ | tim333 34 minutes ago | parent | next [-] | |
It depends on the details though. That survey was just on a one sentence "new US tariffs on steel and aluminum will improve Americans’ welfare" question. They can have a place if say you want to maintain manufacturing for military strategic reasons. | ||
| ▲ | catigula 2 hours ago | parent | prev [-] | |
The Biden administration kept the Trump tariffs. His own policy-makers, technocrats, said that they were a necessary geopolitical tool, cited China's extensive use of tariffs (amongst other states), and noted that they must be used to protect manufacturing and in tandem with allied states. https://www.commerce.gov/news/fact-sheets/2024/05/fact-sheet... https://www.npr.org/2024/05/14/1251096758/biden-china-tariff... https://www.internationaltradeinsights.com/2024/07/biden-adm... | ||