I am writing this from the last days of our families.
In fact, by the time some people read this, we will be free. If things go according to the White House plan, April 2 will decrease in history as “liberation day” in America.
Steve Bannon, Trump’s unofficial advisor, is very confident of his success, he is already talking about making liberation day a Federal holiday Next year.
But we advance ourselves. What will we be liberated on liberation day?
The Trump administration has been strange to providing one of its patented phrases for what we liberate. You thought they would reach something like “global tyranny”, “neoliberal channel”, “”The case of the surplus production lollipop“
But we can conclude the context in their minds. On March 21, President Trump posted on social media, “April 2 is the liberation day in America !!!
To this end, Trump intends to impose a comprehensive tariff on foreign cars and mutual definitions on each one American trading partner.
Micro -numbers and other details are mysterious. “No one knows what is going on,” Politico quoted an ally of the White House near the Trump Interior Circle. “What will they target?
White House Trade Adviser, Peter Navarro 600 billion dollars annually. Almost every serious economist realizes through the ideological spectrum that American consumers will pay the largest part of that. Thus, if it is “successful”, Trump will impose the biggest and the largest decline Increase taxes in date.
This will be a decline because taxes will strike the poor and medium class much more difficult than the wealthy, because a greater share of its income is directed towards basics such as gas, food and clothes.
The challenge of writing about “Tahrir’s Day” is that it is very stupid, and it even rises to the conceptual Piñata: you can strike it from any angle and get a reward for your effort.
For beginners, many people understand that the customs tariff is on, for example, foreign steel makes foreign steel more expensive. As a result, the things we make of foreign steel become more expensive as well. However, what is ignored is that imposing taxes on foreign steel makes it locally as well steel more beloved. When you make something more rare – steel, eggs and Taylor Swift tickets – prices rise.
Politically, the idea of making things deliberately – like all things literally – is more expensive, when you were elected in a large part due to popular fatigue with inflation, it is not similar to the equivalent economic policy of A. Dali painting.
The geopolitical, the bombing of our alliances and the global economy in the name of “self -sufficiency” is very stupid. The higher the number of countries on the definitions “to protect” their economy, the more. The poorest is. The most friendly commercial partners of a country, and the strongest.
Proteins of this heater of Asoninity is the simple truth that Trump does not understand how trade works.
British economist Charles Godahart “Jodhardt Law” formulated: “When the measure becomes a target, it stops being a good measure.” For Trump, the action concerned is the balance of trade. He believes that the trade deficit is evidence that America is “torn.” This is not the way to trade.
Every time you get a haircut, you have a commercial deficit with the barber. Are you torn?
Trump’s obsession with Canada explains his confusion. We have a trade deficit with Canada, according to a commercial agreement that he designed in its first term. Thus, Trump is called “to support“Canada 200 billion dollars annually (makeup number, but this is beside the point). The only reason that makes us suffer from a trade deficit with Canada is that they sell us oil at a price lower than global market prices.
Hold here. The things we need may become more rare and expensive. Americans will be worse. This is a victory because of … why?
During the years of our supposed economic families, the American economy became “”The world envy.This is what Trump seems to be determined to liberate us.