I have seen a lot of know-it-all democrat voters posting in the last few days about how Trump's economic strategy is bound to fail and those who voted for him for economic reasons are fools. Obviously I am extremely sceptical of these people, as economic literacy has never been a strong point of progressives (not to mention how they are all suddenly experts, like how they were for virus propagation, climate change, etc.).
Nonetheless, I myself am no economist. Can somebody with a better understanding explain the strategy to me, and also any potential ways in which it COULD backfire in the way progressives are suggesting?
"It will raise the cost of goods on the poor". I guess this is technically true, the poor buy cheap Chinese shit and it becomes more expensive.
Two problems:
That's the whole point, make overseas production of goods more expensive than domestic.
Fuck the poor they just steal everything and commit literally all the crime anyway.