Is the Tariff War Backfiring on the US Economy?

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mr_apeNewbie
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#1Oct 29, 2020, 03:27 AM
So, the tariff war kicked off a while back to fix the massive trade deficit, right? Trump’s still at it, trying to boost American production since we import way more than we export. But let’s face it, making stuff in the US is costly, so we're relying on foreign goods.
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0x4lphaFull Member
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#2Oct 29, 2020, 08:17 AM
Not sure how tariffs will really help. People worry they’ll just lead to higher prices at home. If foreign stuff costs more, local goods will go up too. It’s like a chain reaction, and in the end, we might just end up worse off.
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0xWolfMember
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#3Oct 29, 2020, 11:23 AM
Yeah, I’ve been looking at the numbers and it’s clear the trade deficit isn’t budging. Tariffs are supposed to fix that but it’s just not working. Even before the tariffs, we were in the red. Raising them could just make things worse.
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chain365Legendary
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#4Oct 29, 2020, 12:51 PM
Trump made all these promises but some are impossible without hurting the economy. He’s just trying to keep his base happy while knowing this tariff mess isn’t sustainable. Consumers love cheaper imports anyway.
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mr_apeNewbie
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#5Oct 29, 2020, 01:37 PM
It’s wild how countries bend to US pressure. Remember the Plaza Accord? Japan got forced to hike their currency and messed up their economy to help the US. Now they’re buying more US debt. If the dollar crashes, Japan’s economy will be first to suffer.
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f0rk_2014Hero Member
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#6Oct 29, 2020, 02:46 PM
Totally agree. The US can’t dictate to other nations, but nations dependent on US debt will be the first to feel the pain if the economy tanks. Sure, the US has issues, but they’ve got a way to bounce back.
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laseryesSenior Member
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#7Oct 30, 2020, 08:10 PM
Facts. The job market is decent under Trump unemployment's low, and jobs are up. But regular folks still have to shoulder the burden of these tariffs in their wallets.
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0xDef1Full Member
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#8Oct 31, 2020, 08:55 AM
All that said, we won't know the real impact of these tariffs until months later. Right now, it’s just math showing the deficit at $131 billion, but a little reduction in imports could change things quite a bit.
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tony2021Full Member
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#9Nov 1, 2020, 03:53 AM
It seems like the Trump base doesn’t really care if the US suffers as long as other countries do too. They seem more focused on hurting others than winning for themselves.
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alpha_minerFull Member
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#10Nov 1, 2020, 04:42 AM
Honestly, I just want these tariffs gone. They create so much uncertainty and it’s killing the markets. Bitcoin keeps dropping since he took office. We need some stability!
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bull2011Member
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#11Nov 1, 2020, 06:47 AM
Yeah and if he keeps pushing tariffs, it won't just hurt other countries, it'll backfire here too. He paused tariffs on Mexico and Canada, so maybe he’ll come to his senses.
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0xHashMember
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#12Nov 3, 2020, 01:20 PM
Not sure he gets that cutting food safety regulations can bite into imports too. Plus, claiming Americans don’t buy their cars in Europe is just not true. It's more about size issues than anything.
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guru_2014Newbie
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#13Nov 3, 2020, 03:36 PM
The US is riding high on dollar dominance, so other nations are trying to break free from it. BRICS is a good example. It’s not really a favor; often it’s a trap that leads to more harm.
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mr_apeNewbie
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#14Nov 3, 2020, 05:49 PM
Exactly! You can’t bully everyone and expect them to kneel. If he wanted to raise tariffs, he should’ve taken a more measured approach. Instead, it hits the American consumer the hardest.
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#15Nov 5, 2020, 05:39 AM
The economic conflict really kicked off before Trump. Obama had his hand in it too. The US just keeps doubling down, thinking pressure will get them what they want, but it’s not working.
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laseryesSenior Member
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#16Nov 5, 2020, 10:33 AM
If Trump’s acting on years of US policy, it’s way too aggressive. He’s risking everything, starting with the economy. Experts say these tariffs could lead to a notable economic downturn.
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maxi777Member
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#17Nov 5, 2020, 11:16 AM
LOL if you’re blaming Trump for 2025’s issues, maybe back up a bit. The economic fallout has been brewing longer than that. COVID, sanctions, and wars all played a part.
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mr_apeNewbie
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#18Nov 5, 2020, 03:12 PM
And don’t forget how China can’t afford to stop selling their parts. The state’s backing keeps them afloat. It’s not just simple supply and demand.
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boss777Senior Member
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#19Nov 5, 2020, 06:53 PM
Right! The US had its golden era after the USSR fell, but decades of wars have left them financially drained and unable to flex muscle like they used to.
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laseryesSenior Member
Posts: 71 · Reputation: 1504
#20Nov 5, 2020, 10:11 PM
Countries like Russia and China have learned to cope with the sanctions. They’ve diversified their trade relationships, while US allies are now feeling the pressure from Trump's tariffs.
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