April 3, President Donald Trump announced it as “Liberation Day.” And by that he meant we were going to be liberated from asymmetrical tariffs of the last 50 years. And it was going to inaugurate a new what he called “golden age” of trade parity, greater investment in the United States, but mostly, greater job opportunities and higher-paying jobs for Americans.
And yet, the world seemed to erupt in anger. It was very strange.
Even people on the libertarian right and, of course, the left were very angry. The Wall Street Journal pilloried Donald Trump.
But here’s my question.
China has prohibitive tariffs, so does Vietnam, so does Mexico, so does Europe.
So do a lot of countries.
So does India.
But if tariffs are so destructive of their economies, why is China booming?
How did India become an economic powerhouse when it has these exorbitant tariffs on American imports?
How did Vietnam, of all places, become such a different country even though it has these prohibitive tariffs?
Why isn’t Germany, before its energy problems, why wasn’t it a wreck? It’s got tariffs on almost everything that we send them.
How is the EU even functioning with these tariffs?
I thought tariffs destroyed an economy, but they seem to like them. And they’re angry that they’re no longer asymmetrical.
Apparently, people who are tariffing us think tariffs improve their economy. Maybe they’re right. I don’t know.
The second thing is, why would you get angry at the person who is reacting to the asymmetrical tariff and not the people who inaugurated the tariff?
People dislike tariffs because they have Trump Derangement Syndrome. That is the bottom line. Fact !!
TDS! What else?
You answered your own question………….because they are Trump’s tariffs.