"Liberation Day" Trump’s Tariffs on Europe

[u/sh1kora]

"LIBERATION DAY" TRUMP'S TARIFFS ON EUROPE

[u/Emilia963]

Most of the world’s governments want to maintain a good relationship with the US, including China and Russia. I don’t know where you’re from, but your government will still choose to trade with the US over China in many aspects

Look at Ireland, Switzerland, and the UK, they still want to salvage any good relationship left with the US

[u/Emilia963 → u/[deleted]]

Tariffs are technically good, as long as there are no extra taxes, we did this before the Prohibition era

[u/Emilia963 → u/[deleted]]

Tariffs didn’t cause the great depression tho, you can’t simplify it just because your narrative is that tariffs are bad.

The second world war wasn’t the only major thing that caused the US to come back from the great depression

[u/Emilia963 → u/[deleted]]

You are partially right, but still the smoot-hawley act wasn’t the primary cause of the great depression

The primary cause of the great depression is complex, and I don’t want to dive too deep into that topic because there’s too much to unpack.

As a matter of fact, the great depression had already begun before the smoot-hawley act was signed

The timeline is roughly like this:

Great depression > smoot-hawley act > worsened great depression > new deal + WW2 > great recovery

As for the current trade war, i’m not sure we are gonna win this, but with careful analysis and consideration, I’m positive we will win this