• LeFantome
    link
    fedilink
    arrow-up
    5
    ·
    2 months ago

    Too many people watching Donald Trump on TV. No matter what your politics, he has done just catastrophic damage to how people think tariffs work, who pays for them ( like actually pays the money directly ), and whose economy gets hurt as a result.

    • psvrh@lemmy.ca
      link
      fedilink
      arrow-up
      1
      ·
      2 months ago

      What’s horrible is that Trump’s misunderstanding of how tariffs work is only forgotten by how much he doesn’t understand about how viruses and vaccines and health policy works.

      Had it not been for the pandemic, he was well on his way to crashing the global economy, between the reckless tax cuts, deregulation and slapdash tariffs. Ironically, the stimulus spending necessitated by the pandemic probably saved him–and all of us–from the second great depression.