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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: ryanaka who wrote (82007)	7/7/2018 4:52:17 PM
From: ryanaka	Read Replies (1) \| Respond to of 362590

Trumpster's brains are stuck in the 1960s. They never learn. Their brains are stupid and stubborn and almost dead. These brains just refuse to adapt their thinking to new facts and new information. When the facts are in conflicts with their idea, they blame the facts as fake news and claim they live in alt world. "in the 1960s, when trade was overwhelmingly in final goods like wheat and cars. In that world, putting a tariff on imported cars would cause consumers to switch to domestic cars, adding auto industry jobs, end of story (except for the foreign retaliation.) In the modern world economy, however, a large part of trade is in intermediate goods – not cars but car parts. Put a tariff on car parts, and even the first-round effect on jobs is uncertain: maybe domestic parts producers will add workers, but you’ve raised costs and reduced competitiveness for downstream producers, who will shrink their operations."