Saturday, August 2, 2025

When it comes to tariffs, bloviator-in-chief Donald Trump doesn't know what the fuck he's talking about

 
Headline and subhead:  New York Times, 8/1/2025

Ana Swanson reports:
The company is the kind of American manufacturer that President Trump says his trade policies will protect. But since Mr. Trump began imposing tariffs on Chinese exports in 2018 in an effort to help U.S. manufacturers, Mr. Digre’s company, MISCO, has been forced to offshore some of its manufacturing. Tariffs have pushed up the cost of the foreign parts he needs for his U.S. factory, making it more economical to produce his speakers elsewhere. 
Mr. Digre’s situation illustrates one of the perils of the president’s sweeping tariffs, which are intended to raise the cost of foreign goods and encourage consumers to buy domestically instead. For some companies, the tariffs are giving them a chance to compete with cheap imports, particularly from China.

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