Anonymous
7/9/2025, 10:21:49 PM No.1419023
The US has a significant trade imbalance with the rest of the world owing in large part to the strength of the dollar and the lack of employment at the bottom end of the education hierarchy. Given this I was pleasantly surprised that Trump was raising tariffs in addition to cutting taxes because it may have induced companies to invest in creating local employment and curtailed spending on foreign goods, which while it may have reduced overall GDP may have done something to level the Gini coefficient a bit while reducing national debt.
Lately there's been a $10 billion dollar IBM semiconductor chip fab plant for next generation lithography set up in upstate New York which I've also been happy about. I should also mention that I'd still like to see someone become the Henry Ford of micro nuclear power plants and start making and shipping those world wide as quickly as they used to make cars.
Given all that, this copper tariff makes absolutely zero sense and the pharma tariff is more or less a give away to industry. If you want to increase production of goods in the US you don't want to put tariffs on raw materials unless you want to start digging them out of the ground rather than making goods you can ship world wide. Does the US lack jobs doing that? Why wouldn't the US focus more on industrial capacity as opposed to blowing up the Rockies? Right now we import the majority of our copper from Chile and people seemed more or less happy with that. Making copper more expensive makes the entire computer industry more expensive overall not to mention anything that uses copper at all including most of the electronics world. Which is an area of specialization for the United States.
It just doesn't make any sense to me. It's either a wag the dog type situation (what is being kept out of the news?) or it's backroom political payoffs. I can't believe that Trump and his cabinet are this dumb on purpose.
https://www.cnn.com/2025/07/08/business/trump-copper-tariff
Lately there's been a $10 billion dollar IBM semiconductor chip fab plant for next generation lithography set up in upstate New York which I've also been happy about. I should also mention that I'd still like to see someone become the Henry Ford of micro nuclear power plants and start making and shipping those world wide as quickly as they used to make cars.
Given all that, this copper tariff makes absolutely zero sense and the pharma tariff is more or less a give away to industry. If you want to increase production of goods in the US you don't want to put tariffs on raw materials unless you want to start digging them out of the ground rather than making goods you can ship world wide. Does the US lack jobs doing that? Why wouldn't the US focus more on industrial capacity as opposed to blowing up the Rockies? Right now we import the majority of our copper from Chile and people seemed more or less happy with that. Making copper more expensive makes the entire computer industry more expensive overall not to mention anything that uses copper at all including most of the electronics world. Which is an area of specialization for the United States.
It just doesn't make any sense to me. It's either a wag the dog type situation (what is being kept out of the news?) or it's backroom political payoffs. I can't believe that Trump and his cabinet are this dumb on purpose.
https://www.cnn.com/2025/07/08/business/trump-copper-tariff
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