SunshineGirl · 36-40, F
That is the first claim I have heard that the Trump administration is working to eliminate tariff barriers. I doubt it greatly, although it would be great if true. There are very few international markets which America would be competitive in without protectionist barriers.
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CedricH · 22-25, M
@SunshineGirl Yeah… that is true and a pretty apt analogy since colonial empires were basically created and expanded by the western European powers of the 17th and 18th century as part of their larger mercantilistic economic systems. Mercantilism is defined by a beggar thy neighbor, zero sum, transactional and predatory mentality.
SunshineGirl · 36-40, F
@CedricH It is basically what did for the British empire in the American colonies . . led to the Boston Tea Party.
CedricH · 22-25, M
auris · M
If trump is doing anything is damaging the us geo-economic leverage that it has. What i am increasing hearing here in europe is companies trying to find ways how to isolated themselves from the US and from the political front there is the slow start of the realization that the great enemy of europe is the US and not Russia
SunshineGirl · 36-40, F
@auris That is essentially EU policy right now. People said it would be impossible to survive without Russian gas and oil, but Germany achieved that relatively painlessly.
JimboSaturn · 56-60, M
Tariffs are barriers to trade. What Trump is doing is trying to bully and extort the world.
CedricH · 22-25, M
@JimboSaturn Whether they constitute an actual barrier depends on the product and the specific tariff rate. They’re a trade distortion, for sure. They’re also a tax on trade (consumption and or production). And yeah, his tactics are essentially extortionate.