Trump doubles down on tariff plan that voters hate

[FightFight]

Source: cnbc

A majority of voters are less likely to support a candidate who wants to impose universal tariffs, an NBC News poll found.

Imposing tariffs on all imports from all countries is one of Donald Trump’s cornerstone economic proposals, which has already faced criticism from economists.

Vice President Kamala Harris has capitalized on the backlash, branding the tariff proposal the “Trump sales tax.”

A majority of voters are less likely to support a candidate who promotes universal tariffs, according to NBC News polling released Sunday, marring a cornerstone economic proposal of former President Donald Trump’s campaign.

Read more: https://www.cnbc.com/2024/10/20/trump-tariffs-election.html

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1

June 1, 2021
U.S. manufacturers blame Trump-era tariffs for inflation’s rise - Companies appealed to the Biden administration to roll back the tariffs https://www.marketwatch.com/story/u-s-manufacturers-blame-trump-era-tariffs-for-inflations-rise-11622387247



2

April 25, 2018.
Trump's tariffs cost Ford $1Billion dollars in 2018; it planned layoffs as a way to stay alive
https://www.nbcnews.com/business/autos/trump-s-tariffs-have-already-cost-ford-1b-now-it-n917756


3

2018
U.S. farmers lost their 4th largest export market after China officially cancelled all purchases of U.S. agricultural products, a retaliatory move following President Donald Trump’s pledge to slap 10% tariffs on $300 billion of Chinese imports.
https://www.cnbc.com/2019/08/10/trump-is-ruining-our-markets-farmers-lose-a-huge-customer-to-trade-war----china.html

HE WILL BANKRUPT THE COUNTRY IF EVER ALLOWED IN THE WHITE HOUSE--THATS ALL HE KNOWS TO DO, BANKRUPT DESTROY STEAL

[displacedvermoter]

1. I thought the pollsters told us last week they loved

the idea?

[cadoman]

3. when they incorrectly use terms like "tariff" or even "trade protection" it'll poll differently

It should be referred to as a "sales tax" or more accurately: "the Federal Trump sales tax".

Pollsters know they can change a question slightly and get double digit swings in answers.

[TomCADem]

2. The Hawley-Smoot Tariff and the Great Depression

It is so odd that folks forget basic history about how Republican Herbert Hoover signed the Smoot Hawley tariff into law, which deepened the Great Depression and how progressive president FDR combatted the Great Depression by easing such tariffs. Now, it seems like we are on the precipice of having another Republican cheerleading steep tariffs.

https://www.history.com/news/trade-war-great-depression-trump-smoot-hawley

President Donald Trump has tweeted that “trade wars are good and easy to win.” But many economists have disagreed that raising tariffs sharply can improve the economy. In particular, experts have pointed to the failure of the Smoot-Hawley Tariff Act, passed in June 1930, to protect U.S. industries from tariff increases.

Although this came several months after the stock market crash of 1929, the U.S. hadn’t yet entered “the full onset of the Great Depression,” says Claude Barfield, a resident scholar at the American Enterprise Institute. The thinking among Congress and President Herbert Hoover was that by raising taxes on thousands of imports no matter what country they came from, the act would protect American farmers and secure the nation’s economy. But experts disagreed.

“Economists around the country argued to the Republican Congress that this would only hurt the world economy, and the United States economy,” Barfield says. (Before the political parties realigned in the mid-20th century, the Democrats were the “free trade” party.)
* * *
Other countries responded to the United States tariffs by putting up their restrictions on international trade, which just made it harder for the United States to pull itself out of its depression. Imports became largely unaffordable and people who had lost their jobs could only afford to buy domestic products. Global trade tanked 65 percent.