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Trump warned automakers not to raise prices after his tariffs and be happy how ‘great’ they are
(www.independent.co.uk)
this post was submitted on 28 Mar 2025
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I'm starting to think that this guy might not understand how economies work.
But he had the best bankruptcies, beautiful bankruptcies, everbody said say, many woman said "no more bankruptcies, they are too great", believe me!
He doesn't have to. The goal of Trump is simple: exert power. He doesn't care who gets hurt in the process so long as his base sees him as their God (intentionally using the capital G here).
And if his decrees don’t have the expected results, it’s someone else’s fault.
The guy owned casinos that went bankrupt. It takes a special kind of person to do that
Who was the ex member of his team that said he was in the room when people tried to explain tariffs to Trump and he clearly didn't understand them, he just likes them based on his misunderstanding of them...
I'm sure he believes that other countries are paying the tariffs and it's money going to the US federal coffers...
He seems to consider them in a vacuum.
"Prices rise, but that's only a temporary problem for plebs refusing to buy American. Once US manufacturing catches up, they will buy American and all is well."
That is of course incomplete and ignores the very real problem of manufacturing PARTS and raw resources also being affected. If not by Trumps tariffs, then by retaliatory ones from other countries. It also squashes your own export market. All of that together will leave prospective American factory bosses with a choice: Will they build a factory in the US and deal with higher prices and less customers, or will they build a factory in India, where they can export to every country on this planet (except the US but who cares) and have quick and cheap access to Chinese and Russian raw resources and a cheap labor pool?
Or will they simply wait four years because they figure that it won't keep going on...