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In reply to the discussion: A few things about cutting SS and Medicare [View all]moniss
(6,456 posts)put all of the tariff repercussions on the backs of average people by way of higher prices and requiring us to pay the tax package for economic assistance to domestic industries that are harmed by the tariff effects. This is what happened the last time when China responded to this with shifting purchases of ag commodities. We ended up having to pay billions to producers to keep them afloat.
Tariffs are the uneducated impression borne in the years of Western Colonialism that we can impose things on people and they'll have no recourse but to take it and then submit to our demands. It's not the case in the modern world. China has shown that to us several times over the last decades. They can inflict massive pain to our producers by simply buying from others. It's not a matter of needing to eliminate all purchasing. Just shifting 20% or so to other countries has a massive impact to a low profit margin heavily subsidized industry like production of grains.
They're called "tariff wars" for a good reason. It can escalate to the point where it's a matter of who bleeds to death first in a sense. The lunacy of the billionaire class and their political servants they purchase is the idea that they can decimate and industry and turn things on and off like water faucets. The knowledge of how to farm and grow things is not just some 60 day course in community college. Once you suffer significant losses in the availability of those who know how it is not just a snap of the fingers to get it back.
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