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?
Agreed, there has to be done in a very smart manner. I really hope with Ron Paul advising he'll be able to keep tariffs down to only what's necessary to strengthen our economic stability because too much tariffs will have a negative effect on us. Tarriffs directly affect the working and middle class the most because of the increased costs. We voted Trump in to fix our economy and bring those prices DOWN. That's not gonna happen if he goes apeshit with the tariffs.