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?
Others have made great comments and I look forward to reading the ones I haven't, but the answer is no, because arguing against tariffs and failing to take a holistic view of our entire system and historic bureaucratic growth will never provide any answers.
Why do we have an almost free direct pipeline to China through the USPS?
Is America the only country not allowed to have tariffs and importation rules? We import German cars but vice versa is unkind to our exports, China prior to Trump 1 had bi-ownership agreements required for manufacturing to be done there, and again importation rules. etc.