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Feb 2 2025 10:11am
The tariffs are relevant here because this tactic has happened in American politics before. American private wealth and monopolies specifically destroyed the economy for the average American. We tried to use tariffs. It failed. We went into the great depression.


let's go back to 2017 and have some history drizzled in for good measure.
Video from Jan 28, 2017


This post was edited by Mondain on Feb 2 2025 10:11am
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Feb 2 2025 10:11am
Do you want to argue about the wealthy, or stay on topic with tariffs?
Go make a i'm poor thread if that's all you want to debate.

No matter what you say, they call the shots because they used the gift of intellect.
USA is doing tariffs in 2025, we saw this in 2017 also.

Do you have any correlating thoughts on the 2017 tariffs trump implemented, which biden kept?


https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
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Feb 2 2025 10:12am
You're underestimating possibility of the decline of consumerism in America as a result of these policies. Our job wages aren't going up. Our government is falling apart. Eventually people will not be able to afford luxury items.

Trump's plans will do nothing but cause immediate instability and price hikes. The corporate demons will just try to maximize their profits while playing the market. The market will crash. The rich will get richer by selling out then buying back in.

We are sincerely f*cked unless you are the 1%.


Status quo has not benefitted the average American. Drive around the rust belt and you will see the ramifications of stuff being made in Asia, Mexico or Canada. You don't actually understand the mechanics of what's happened over the last 50 years. This hurts global corporations that want to make shit in cheaper in other places while selling it here. It's likely to hurt stocks and big business, that's why Bloomberg, WSJ, The Economist and all the other corporate mouth pieces are screeching about this.
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Feb 2 2025 10:12am
let's go back to 2017 and have some history drizzled in for good measure.
Video from Jan 28, 2017
https://www.youtube.com/watch?v=wHib0Jm-f1w


Bro are you seriously using Fox News for economics? A media corporation ran and owned by billionaires?? You really believe these guys have your best interest?

Man. I can't.
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Feb 2 2025 10:16am
Status quo has not benefitted the average American. Drive around the rust belt and you will see the ramifications of stuff being made in Asia, Mexico or Canada. You don't actually understand the mechanics of what's happened over the last 50 years. This hurts global corporations that want to make shit in cheaper in other places while selling it here. It's likely to hurt stocks and big business, that's why Bloomberg, WSJ, The Economist and all the other corporate mouth pieces are screeching about this.


This hits home, leaving manufacturing and factory jobs destroyed the north east now known as the Rust Belt.
https://en.wikipedia.org/wiki/Rust_Belt

If Trump is successful at bringing these jobs back to America,
it would be a boon for the country for decades to come.

It's worth suffering for a few years, to have decades of prosperity.

China was built up by USA/Canada jobs leaving.
We need to take those jobs back and keep building ourselves up.
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Feb 2 2025 10:16am
Status quo has not benefitted the average American. Drive around the rust belt and you will see the ramifications of stuff being made in Asia, Mexico or Canada. You don't actually understand the mechanics of what's happened over the last 50 years. This hurts global corporations that want to make shit in cheaper in other places while selling it here. It's likely to hurt stocks and big business, that's why Bloomberg, WSJ, The Economist and all the other corporate mouth pieces are screeching about this.


Oh I do agree that we need to re-invest in our industries. Absolutely. But tariffs are a cheap way to compete. Although there is definitely some truth to the fact that the conditions of Mexico specifically when it comes to auto part manufacturing they have an edge and it's the fault of our policies and trade.

American products need higher standards. American jobs need higher standards. We cannot bully our way back into the market.
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Feb 2 2025 10:17am
American products need higher standards. American jobs need higher standards.


What is "higher standards" please explain in further detail.
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Feb 2 2025 10:19am
Oh I do agree that we need to re-invest in our industries. Absolutely. But tariffs are a cheap way to compete. Although there is definitely some truth to the fact that the conditions of Mexico specifically when it comes to auto part manufacturing they have an edge and it's the fault of our policies and trade.

American products need higher standards. American jobs need higher standards. We cannot bully our way back into the market.


They already have higher standards. Which makes them uncompetitive with a globalized market that utilizes slave labour and is lawless.

This post was edited by El1te on Feb 2 2025 10:20am
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Feb 2 2025 10:20am
What is "higher standards" please explain in further detail.


The easiest industry to look at is automotive. Toyota and Honda have been destroying us simply because their products not only meet safety standards but have longevity. American business majors have gotten away with too much corner cutting and they blame regulations on all their problems but the majority of their problems are self-imposed. These regulations are just as tight in Japan.
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Feb 2 2025 10:22am
They already have higher standards. Which makes them uncompetitive with a globalized market that utilizes slave labour and is lawless.


Yeah and why do we exploit slave labor abroad? Because we allow the businesses and monopolies to do so. Not just with our politics but with our money.

The solution shouldn't be to lower our standards to literal slavery and minimum wage but treat our trade partners better, expect better, and lead by example.
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