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RE: Tariffs Are Awful, but the Income Tax May Be Worse

in #economics3 months ago

We will have to wait and see if it is just a strategy to get countries to the negotiating table or if Trump actually believes that these tariffs can make america great again.

Maybe he is right, but one thing is clear. America has lost its position in the world as a leader and a country everyone looks up to. Now we the rest of the world dont feel like we can ever trust america again.

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Most of the trade agreements that the U.S. is part of have generally been more favorable to the other country that to the U.S. I get why Trump is trying to change that. I think the approach is a bit heavy handed. On the other hand, he is approaching this from the background as a businessman and he only has four years left in office to accomplish something. You can be in business with your best friend but you still have to treat the business aspect of it as business. Trust is nice, reciprocity is better.

Yeah from his point of view I think his action makes sense. I am just saying, that business is business, but if there is no trust between two parties there will never be amy business. If I as a consumer dont trust grocery shop A, I will instead go to grocery shop B.