Thread by @GREENESJ333

Roger Froikin @rlefraim wrote, "Tariffs and the USA, a lot is misunderstood.
Thanks to so-called “experts” who are not very expert.

A lot of people in the media seem to be surprised.
1)

In March, the experts said that Trump’s tariffs would cause massive inflation and a recession at best. They have continued until recently to say this as well—
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Yet tariffs seem to have not increased inflation, while the Treasury has had surpluses from collected tariffs for several months.

Is this magic? Of course not. It is realistic economics.
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First of all, tariffs are on imports. Imports into the USA other than from within North America are only 6.5% of the US economy and are in types of imports that can be sourced in other than countries that agree to equalize tariffs. (And many have),
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and/or in cases like China where manufacturers can lower their prices to stay in the US market. So, of course, there has been no real effect on inflation in the USA.

But a word for those who oppose Trump tariffs.
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1. Are you in favor of high tariffs on USA goods by Europe and others while against US tariffs on their goods? No one that cares about reciprocity or about America, can.
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2. Or is this, in your minds, not about fairness or anything else, other than hating Trump? That would sound insane but I think it is currently the motive."

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