After we get over the shock of DOGE, over the mountain of economic shock caused by tariffs, exactly how will the United Stares create this new wealth and prosperity we are promised?
Actually, I can’t see how things were bad before the tariffs. It’s not like there was high unemployment, even inflation was coming down.
Americans bought the products they wanted at reasonable prices no matter where they were made.
It’s true for security reasons we should have an in-country capability on some products, but wouldn’t incentives rather than tariffs accomplish that?
Even if foreign companies build more in the US, it takes years to build factories and then prices are higher than today so what have tariffs accomplished on net? Plus any new manufacturing will not be labor intensive, but technology based automation.
How can what we import not cost more, what we export decline or face price competition?
I have yet to find a source saying high tariffs are good or accomplish anything positive. Past attempts have been disasters. We are not in the 1950s with the US the king of the hill.
So, again I ask, where is all this new wealth for the United Stares coming from?
QUINNSCOMMENTARY 
so wild seeing the worst leftist ideas (anti free trade, anti vaccine) being adopted by NPC’s in the MAGA movement. I bet Al and James never suspected even a year ago that they now would be supporting American style Peronism….
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Quinn– I’m pleading for you to explain why almost all nations have tariffs?
If they are not a positive for countries then why do they have them? How about zero tariffs for all countries?
James had a great question one that has vexed me for years. If tariffs are a tax on consumer goods, as an example, then raising income and corporate taxes will raise prices to consumers. Just as tariffs do. Remember when New Jersey raised the tax on gasoline? Who paid for that?
Quinn has advocated for higher taxes for years. Isn’t that a way to reduce the deficit? Wasn’t that you who tells us we can’t have all those great services without taxes? And paying more helps those in need and our schools as well services like Medicaid.
Quinn is having a bout of amnesia.
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This well beyond simple common tariffs.
When Musk shared a grainy two-minute video at 4:59 a.m. Monday to his 218 million followers, his post contained no words, and yet the message was clear. It showed the free-market intellectual Milton Friedman, in a 1980 clip well known to economists, waxing poetic about free trade as he sketched out the international origins of the parts that form a pencil.
Musk was expressing his discomfort with President Trump’s imposition of draconian new tariffs. And yet one has to wonder what Musk hopes to accomplish.
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I hear what you’re saying but I am somewhat confused with the hysteria about tariffs. Haven’t people, including you, been clamoring for higher taxes? Haven’t many people been clamoring for carbon taxes? I haven’t read that you have supported that but you might. Don’t those things raise our cost of living? So if the government gets the money from tariffs instead of higher taxes, why does that bother you?
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I haven’t called for higher taxes except for SS, but we sere can’t reduce taxes and if we can’t reduce the deficit tax increases may be necessary.
The supposed $600-700 billion in tariff income, has been designated to lower taxes. In the meantime tax proposals will raise deficits by trillions over the next ten years.
The tariff revenue is a tax on Americans and cause much unnecessary harm around the world. Many experts are talking recession.
Where is the net gain, expect to Trumps ego?
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