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Philosophy, Religion & Society / Re: Trump
« on: Today at 04:33:07 AM »I was going to expand on that a bit more, but yes, the graph represents the money going out of the multi-nationals and back into the United States. It represents both the money going back to the US Public, and back to US companies who produce domestically.
Unless you are proposing that those traders will never trade again, they will simply shift to trade in the most profitable companies under this new tariff paradigm.
Except for the money that comes from foreign trade that now won't due to reciprocal tariffs.
This all happened before. This is history repeating. And everyone agrees that the Smoot-Hawley Tariff, which looks very similar to this shit, basically made the great depression far far worse. Whether tariffs helped caused it or not is a matter of debate. But no debate that it made it worse.