Maybe. There were exemptions to the tariffs. The exemptions included Russia. If the tariffs remain, companies are incentivized to invest in places with no tariffs to USA (as Trump removes Russia sanctions whenever it's convenient).
So, we've been hit with the largest tax increase (peacetime) in US history with no coherent explanation. Even the Project 2025 master plan suggests the idea is to devalue the dollar to save hundreds of billions. We've already lost trillions, so that didn't work.
I think the most obvious answer is incompetence, but there are piles of shit and coincidence with MAGA and Russia. I'm not in denial.
So, we've been hit with the largest tax increase (peacetime) in US history with no coherent explanation. Even the Project 2025 master plan suggests the idea is to devalue the dollar to save hundreds of billions. We've already lost trillions, so that didn't work.
I think the most obvious answer is incompetence, but there are piles of shit and coincidence with MAGA and Russia. I'm not in denial.