>>60734398Just accept that Trump is wrong about trade. When he said "trade is bad", he was completely serious.
His ideas are wrong, demonstrated by all the negative effects on various economic metrics that occur after the LIBERATION DAY inflection point.
>>60734968> This just can't exist in the USA as a private company with environmental regulations and labor lawsOkay, but it can exist in Western Europe with environmental and labor which are on average stricter. I don't find this a convincing argument for why American manufacturing tends to punch below its weight.
>>60735017Tariffs pick winners and losers in a way that makes them one of the most corrupt consumption taxes: we already see this with various F500s requesting exemptions on various things, that a smaller company would not be able to request or get trapped in permit purgatory while competing against the big dogs that already got exemptions.
Outright subsidy is less destructive.