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follow marcus 2018 Mar 18, 9:45pm
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Hey, it's the Economancer
So why not tariff it?
Trumpcucks: " we don;t need no stinkin facts ! ("besides it's librul economist from MIT, who has been wrong at least once in the past. So his facts can't compare to our lies.")
Yeah, talking facts.
You think he gives a shit? He's probably shorting a bunch of industries that the tariffs will destroy through a fund in Vanuatu.
So why not tariff it? Everybody else is doing it, why should we be the bagholder?
If Trump is wrong to "Start a Trade War", why is the EU taxing Chinese Steel up to 75% and the many others at 28.5%?
So you admit his call about the Stock Market in November 2016 was entirely wrong, then.
Or, when Krugman said in 1998 that the Internet wasn't going to keep growing so fast and that the impact would be no greater than the fax machine and that his then (1998) prophecy would be proven correct by 2005.
We've been in a Trade war for over 30 years
Labor saving costs on the other side of the world making it possible to undercut us on price (while also giving our consumers cheap goods while saving us from inflation) are not what most consider a trade war.
Nobody can predict the stock market
Nobody can claim they foresaw that in 1998
When I say inflation I mean what I have to pay for Rent, Energy, Food, and Insurance and other inflated services.
When Krugman is also wrong about this prediction, which excuse shall we afford him?
Labor saving costs on the other side of the world
To protect domestic steel and aluminum manufacturers, President Donald Trump last March placed national security "Section 232" tariffs of 25% on imported steel and 10% on imported aluminum. Canada and Mexico immediately responded with retaliatory tariffs, including tariffs on some agricultural products. Despite getting a new trade agreement to replace NAFTA, the tariffs remain in place.