Originally Posted by
Metieval
America first, if you don't have jobs you don't have money to spend.
So, you are supporting tariffs because they increase employment here in the US? The problem with that reasoning is that the tariffs are actually
reducing employment in the US. Here's the takeaway from the linked article, with the relevant passage in bold font:
"
According to the Tax Foundation model, the tariffs imposed so far by the Trump administration would reduce long-run GDP by 0.23 percent ($58.02 billion) and wages by 0.15 percent and eliminate 179,800 full-time equivalent jobs."
The above estimate does not include the job losses that are resulting from other countries' retaliatory tariffs, but those estimates are in the linked article. Retaliatory tariffs are a very predictable response from other countries, so those additional job losses (and reductions in GDP) were foreseeable, too.
None of this is at all surprising, as the theoretical explanation has been well-understood for almost 200 years - and we've had plenty of empirical evidence to support these conclusions.