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Originally Posted by Maleg
True statement. America has thrived on affordable imports. Indiscriminate weoponization of tariffs are the antithesis to a stable global economy. People who claim these tariffs are a good strategy a drinking the Koolaid and the end result will be economic Jonestown.
True. The US debt was created by decades of irresponsible, unfettered spending from both parties. The national debt has nothing to do with a trade deficit and everything to do with a complete lack of fiscal discipline at the federal level.
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I think we all need to take a chill pill and give it a chance. Comparing it to Jonestown after only a week is a step too far in my book. And it's not all about the US debt. It's also about bringing manufacturing back to the US. From 1997 to 2024, the U.S. lost around 5 million manufacturing jobs. During covid I couldn't even get the medication I needed for my kids because it was only produced in China. We need to bring critical manufacturing jobs back to the US so we are not solely dependent on the rest of the world for our everyday needs. The tariffs are all a part of this.
We didn't get into this situation overnight and we won't get out of it that quickly either. Over 50 countries have already come to the table to talk. It's called the art of the deal. We may not like how it was implemented, but we have to give it some time to see where it all shakes out.