Trump is just reducing American consumption so we can hit our climate goals. Art of the deal strikes again! The winning never stops
Not an own goal, THE goal. The goal here is to move money from Americans to the ruling class, the billionaires, the oligarchs, which has now taken complete control of the government.
While true, this is only half of the picture. Exporters “pay” through the products they can’t sell, because demand is shrinking. While most exporters can’t lower their prices much without making a loss this directly benefits low production cost countries like China.
In the end it’s a quadruple Eigentor (the German word for own goal) because you weaken your own country and your economic partners, isolate yourself on the global market and strengthen your enemies. Good job, America.
If you implement tariffs without propping up national industries to compensate for the reduced imports, you’re damaging yourself at least as much as the countries you’re applying tariffs to.
But he doesn’t care, because Americans keep taking this laying down, so he and his friends can keep lining their pockets as much as they like.
