this post was submitted on 07 Nov 2024
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Maybe it's because I took economics as far back as high school, but even just from reading high school history books I knew what a Tariff was. How the FUCK did they not know that?
I am also willing to bet that they will eventually blame the democrats for breaking the system, as they always do.
One thing that fascinates me is that Trump's definition of tariffs seems more like the definition of kickbacks.
As he was (is?) a landlord, he may also think of it as seeking rent, like how malls get rent from the stores inside.
Or a tax?
Extracting rent can be seen as private taxation. He's not a "career politician", so I'm trying to understand how he'd see it from the private realm.
An entry fee, a toll, a tax, a rent - whatever. In the end, the cost will be added to the products going in. It's not a usual tariff, but the outcome is the same. Maybe he thinks that this trickery helps avoid problems with "free trade" conventions.