It definitely counters the implicit assumptions the tariff advocates hold. It really just means life gets even more expensive when many are already struggling. It creates no jobs, and raises the costs entrepreneurs need to pay to get new businesses off the ground.
I would say it simply illustrates the fact that you cannot quickly fix something that we've spent generations breaking. America's unwillingness to embrace any solution without immediate results is the main reason we never do anything reasonable.
You don't fix it with arbitrary dictates and arbitrary cost impositions. You fix it with real free trade instead of their counterfeits, you end protectionist regulations stifling competition, and you stop taxing everything. Trump and Congress have done none of these.
You can't have free trade and a tariff war. The latter cannot lead to the former. Protectionism is a flawed concept. In fact, the only way to free trade is by unilateral deregulation. Tariffs punish the citizenry of countries imposing them more than they punish others.
Unilateral deregulation is a unicorn, and not a guarantee of free trade. Without regulation, all free trade systems will eventually devolve to monopoly. This is just human nature... nobody involved in trade actually wants free trade, they want to be on top.
That is a false assumption. Monopolies are only possible with government protection, because bureaucratic bloat kills them. With regulation, we get cartels and regulatory capture. Freedom is not a bogeyman and markets trend to equilibrium absent state intervention and force
It definitely counters the implicit assumptions the tariff advocates hold. It really just means life gets even more expensive when many are already struggling. It creates no jobs, and raises the costs entrepreneurs need to pay to get new businesses off the ground.
I would say it simply illustrates the fact that you cannot quickly fix something that we've spent generations breaking. America's unwillingness to embrace any solution without immediate results is the main reason we never do anything reasonable.
You don't fix it with arbitrary dictates and arbitrary cost impositions. You fix it with real free trade instead of their counterfeits, you end protectionist regulations stifling competition, and you stop taxing everything. Trump and Congress have done none of these.
You can't have real free trade unless everyone globally agrees to abide by it, which is why protectionist regulations exist.
You can't have free trade and a tariff war. The latter cannot lead to the former. Protectionism is a flawed concept. In fact, the only way to free trade is by unilateral deregulation. Tariffs punish the citizenry of countries imposing them more than they punish others.
Unilateral deregulation is a unicorn, and not a guarantee of free trade. Without regulation, all free trade systems will eventually devolve to monopoly. This is just human nature... nobody involved in trade actually wants free trade, they want to be on top.
That is a false assumption. Monopolies are only possible with government protection, because bureaucratic bloat kills them. With regulation, we get cartels and regulatory capture. Freedom is not a bogeyman and markets trend to equilibrium absent state intervention and force