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2025-03-28 03:17:16 UTC
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ˈdälfən™🐬 💥 🌊 on Nostr: /2 So #MyThoughts — This is not free market capitalism. It is ultra protectionist ...

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So #MyThoughts —

This is not free market capitalism. It is ultra protectionist quasi-mercantilism. He’s treating the US like a developing country with an emerging market, trying to push it to become a net exporter (vs. importer) by force at the expense of other nations and the US economy (at least in the short-term).

And absolutely - US auto makers / suppliers would have to raise prices to meet their bottom lines when their COGS suddenly increase because of tariffs.

#USA #trump #tariffs