
Leftists didn’t seem to mind most of Trump’s first term tariffs either. He targeted a large manufacturing nation (China) in order to both protect domestic manufacturers and move more manufacturing back to the USA. Bernie’s policies on this are similar to Trump’s in 2016, and there’s nothing inherently wrong using tariffs for their intended purpose (although Bush’s steel tariffs had some undesirable outcomes in the long run). It’s also why Trump pulled us out of NAFTA and negotiated USMCA.
Skip to term 2, he’s violated his own free trade agreement and placed high blanket tariffs on most countries in the world, higher than Smoot-Hawley which is credited for worsening the Great Depression. Currently it’s an estimated 23.1% average rate, the burden is largely on consumers. Look at Lesotho! We have two diamond-producing areas in the US, one is a state park. We just don’t mine diamonds, but we put a 15% tariff on Lesotho? They are poor and don’t buy from us, and they produce diamonds.
Tarriffs on things we simply do not have the capacity to produce en masse in America are fundamentally stupid, and to be as fair as I can to the administration, they did say within the last couple days they’re looking at rolling back the ones on things we can’t produce. It’s the “wine in Scotland” problem Adam Smith describes in Wealth of Nations
Adam Smith’s example is that the climate in Scotland isn’t good for growing grapes the way the climate of France’s west coast is, and that if the UK put a tariff on French wine it wouldn’t help the Scottish wine industry that doesn’t (and can’t) exist, it would just make it more expensive to get wine.
It’s basically a 1:1 example with America’s recent issue of tariffing coffee from Colombia, as an example. Only one US state can grow coffee, and that state is further from mainland America than Colombia is. It’s also TINY. They do grow some bomb ass coffee, I bought some straight off the farm when I was there, but their productive capacity is low, so Hawaiian coffee is a luxury, not the standard good. And that’s for GOOD REASON. It never could be the standard.
Unironically it’s like trying to purchase Canadian Ice Wine in the states right now. But it also goes beyond just tariffs on things we’re incapable of producing. It’s the fact that de minimis has been closed too. Grandma lives in Canada and sent you a Nintendo Switch 2? Have fun paying a tariff. Some Chinese e-commerce sites like Temu and Shein abused it to avoid tariffs, but there’s ways to close it off to companies while keeping it for Americans. It’s bleeding our wallets to the last penny
I do find the economics of Hawaii to be interesting though, almost everything in their grocery stores is expensive as hell because of shipping costs from the mainland, but then you’ll notice that things grown on the islands like pineapples and avocados are dirt cheap compared to on the mainland. Hawaiian coffee is a luxury anywhere but Hawaii, but it’s the cheapest stuff when you’re actually on the islands. Kauai’i specifically has insane agriculture because it’s the rainiest place on earth.
Specifically the mountains on the northern end of the island are the rainiest place on the planet, while the low-lying south of the island is always sunny. So what ends up happening is the rainwater flows down the mountains and makes the entire island’s soil lush with foliage and ideal for agriculture since it already has the nutrient-rich nature that volcanic soil comes with.
Literally! I’m all for tax on luxury goods and Philly does it well with their tax on sweetened beverages. The MAIN thing with tariffs is that they’re not meant to generate significant revenue. That’s a very basic teaching of International Econ. I personally believe Trump wants to dismantle our tax system in favor of a flat sales tax, but that’s gonna hurt poor Americans who spend a higher % of their paycheck on necessities. Our progressive income tax system is flawed, but it’s the best we have