By seeking to “liberate” Germans from a globalized world order, the Nazi government sent the national economy careening backwards—and drove up the price of eggs 600 percent.
Yeah it will be much worse since so many things people use are a lot more technologically advanced and therefore more complicated to replace. Like my grandfather was a young man in the 1930s and he used a horse for transportation. Didn’t have a landline phone much less a smartphone. Much easier to replace imports with domestic production when most people just needed food and maybe electricity.
Are people now willing to go back to that kind of a life even for a few years under the promise that things will be better someday? It’ll take at least two years (in most cases, closer to five) to build a factory to produce many of the products we have.
And who’s going to invest the billions of dollars needed to build the factories? Wealthy people under the belief Trump will keep the tariffs in place for years?
" The United States is one of the leading countries in the export of software, with a robust and influential software industry that includes major companies such as Microsoft, Oracle, and Adobe.4 As of 2023, the U.S. is also the leading country for digitally-delivered services, exporting $649 billion worth, which represents 15.3% of the world total. ".
Using trump tariff logic, the rest of the world needs to tariffs US to restore software trade imbalances.
Yeah it will be much worse since so many things people use are a lot more technologically advanced and therefore more complicated to replace. Like my grandfather was a young man in the 1930s and he used a horse for transportation. Didn’t have a landline phone much less a smartphone. Much easier to replace imports with domestic production when most people just needed food and maybe electricity.
Are people now willing to go back to that kind of a life even for a few years under the promise that things will be better someday? It’ll take at least two years (in most cases, closer to five) to build a factory to produce many of the products we have.
And who’s going to invest the billions of dollars needed to build the factories? Wealthy people under the belief Trump will keep the tariffs in place for years?
Trump seems to forget digital exports.
" The United States is one of the leading countries in the export of software, with a robust and influential software industry that includes major companies such as Microsoft, Oracle, and Adobe.4 As of 2023, the U.S. is also the leading country for digitally-delivered services, exporting $649 billion worth, which represents 15.3% of the world total. ".
Using trump tariff logic, the rest of the world needs to tariffs US to restore software trade imbalances.