7 thoughts on “Doug Irwin, On Tariffs

  1. Bruce Hall

    It appears the threat of tariffs may be sufficient to get what Trump wants or the appearance of what he wants..

    https://www.nytimes.com/2025/02/04/us/trump-mexico-tariff-negotiations.html
    https://www.msn.com/en-us/news/world/trump-and-trudeau-speak-and-plan-to-do-so-again-before-tariffs-start-on-tuesday/ar-AA1ykL7C
    https://www.msn.com/en-xl/news/other/us-suspends-tariffs-after-colombia-agrees-to-deportation-flights/ar-AA1xUQOd

    Trump seems to see tariffs and sanctions as pretty much interchangeable; not so much for protectionism, but as a political cudgel to get what he wants. And so far it appears to be working. It’s unlikely to be as effective with China, but even then it could lead to some new “understandings”. In a world where ruthlessness is normally associated with violence such as Russia invading Ukraine or Hamas attacking Israel, Trump is using economic threats to ruthlessly pursue his goals. This upsets some people’s sense of propriety, but many are recognizing this is the new reality as long as Trump is POTUS.

    Reply
    1. Macroduck

      Brucie is doing press work for the felon-in-chief.

      All that has happened is that the rapist president threatened tariffs in order to get what he could have had – what other presidents have had – without threatening tariffs. If Brucie is naive enough to think tariffs got the job done, I’ve got some elephant repellent for him.

      Seen from almost any perspective than the one Brucie was spoon-fed by faux new, the U.S. backed down. The felon-rapist threatened tariffs ostensibly because Mexico and Canada run trade surpluses with the U.S. Neither country made substantial changes to its trade policy, nor really any other policy, and the charity-fraudster backed down at the last minute.

      When the threat is to shoot yourself in the foot, it lacks credibility. Brucie may not understand that, but anyone with a of sense does.

      Reply
  2. joseph

    “Mexico has doubled its detention of migrants with the deployment of 10,000 troops to its southern border White House spokeswoman Jen Psaki said on Monday.”
    April 12, 2021.

    Trump claims a great victory in his trade war with 10,000 Mexican troops thanks to Biden.

    “Government of Canada announces its plan to strengthen border security and our immigration system with an investment of $1.3 billion.”
    December 17, 2024.

    Trump claims another great victory in his trade war with a Canadian commitment of $1.3 billion for border security thanks to Biden.

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  3. joseph

    State Department spokesman Darren Beattie: “Competent white men must be in charge if you want things to work. Unfortunately, our entire ideology is predicated on coddling the feelings of women and minorities, and demoralizing competent white men.”

    Elon Musk: “We should allow more immigration of White South Africans.”

    The election of Donald Trump has liberated the racists to say out loud what they used to only say behind closed doors.

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  4. Macroduck

    By the way, while our serial bankrupt president threatens our friends and neighbors, China is preparing to invade its neighbors- our allies:

    https://www.navalnews.com/naval-news/2025/01/china-suddenly-building-fleet-of-special-barges-suitable-for-taiwan-landings/

    I guess when a spineless, twice-impeached fraudster appoints people to the Department of Defense who think Taiwan belongs to China, China notices.

    Well, as long as Elon sells some cars and the fraudster sells some crypto-crap…

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  5. Macroduck

    Off topic – insurance troubles outside the U.S.:

    https://archive.is/3ruIQ

    The idea that the loss of insurance coverage is the top financial risk from climate change comes from someone very close to the insurance industry, but still, it’s time for government to prepare for real turmoil in the insurance market, and accompanying turmoil in the lending market, where insurance is often a requirement for existing loans.

    Reply

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