Posted on 03/18/2025 10:31:38 AM PDT by TBP
You see, at first, when someone says, 'Let’s impose tariffs on foreign imports,' it looks like they’re doing the patriotic thing by protecting American products and jobs. And sometimes for a short while it works – but only for a short time. What eventually occurs is: First, homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So, soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens: Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.
Every time you think you smell sh1t it’s just a Free Traitor.
You didn’t bother reading President Reagan’s remarks on the subject, did you?
The long-term effects are bad.
What Reagan was saying is true. Unfortunately, other nations are the ones that put the high tariffs on our products. We’re just trying to have fair trade. They protect their interests, we have to protect ours.
Exactly.
Exactly! They’ll write an entire book about how you should let them make money - the only way they know how.
Tariffs are like the pedals in your car. You have to know how to use them.
America is the only world power that rents its market out like a teenage whore.
Exactly.
Tariffs are constituted to make commerce “regular” between nations.
Ignore irregular commerce and eventually you lose.
Yes but if the other countries already have tariffs the we are the ones retaliating. So flip this script and work from there
Yeah, this the same Reagan that put a tariff on motorcycles over 700cc? In the first year of a five-year program, tariffs rose from 4.4 percent to 49.4 percent on all large highway motorcycles.
That Reagan?
yeah amnesty reagan was hat eventually turned cali into the $&$&hole it is today.
Reagan is a traitor? Instead of name calling, the favorite tactic of the left, why don’t you try telling us what is wrong with what Reagan said?
Right. The beauty of this is we’re going to see whose economic theory on tariffs is correct.
Tarriffs, taxes, spending, privileges, licenses, . . . .
They’re all tools in the tool box.
When is the best true to use which tool is the question.
Reagan is correct: tariffs are a bad long-term strategy. They do, however, have nearer-term utility in bringing foreign powers into a posture of negotiation on overall relations extending beyond just this or that industry.
To paint tariffs as a universal evil is just as wrong as painting them as a panacea. Like any other tool in the box, they have their appropriate use, and other tools ill serve the same purpose.
Let me guess, you're in favor of the abusive, intrusive federal income tax.
What is your answer to Canada’s 250% tariff on dairy products from the US?
Free Trade?
President Reagan used tarrifs against Japan.
And I guess he forgot that our nation was nearly solely funded by tariffs and excise taxes the first 125 years.
Love Reagan, but he wasn’t always correct. Also he was facing a significantly different world than today.
He woulda been utterly horrified that DC killed domestic manufacturing and sent it all to Mexico and Red China and that the EU he was keeping on the reservation has gone full authoritarian.
Reagan also wouldn’t have tolerated the massive tariffs other countries put on us, and them using end run sheep dips through Canada and Mexico to dodge ours.
But nice try to invoke the Gipper.
U.S. Industrial Production Surges in February to Record Level, Led by Manufacturing and Autos
https://www.breitbart.com/economy/2025/03/18/u-s-industrial-production-surges-in-february-to-record-level-led-by-manufacturing-and-autos/
100%...Reagan blew it big with amnesty for millions of illegals..All that did was emboldened millions more to enter illegally.
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