Summary
Trump’s sweeping global tariffs are causing rising consumer prices, market losses, and job risks, but his administration defends them as necessary for long-term economic independence.
Critics warn the tariffs hurt low-income households dependent on cheap imports, especially from China.
Officials argue the American dream isn’t about “cheap baubles,” but higher living standards. However, economists say tariffs worsen inflation and housing affordability.
Despite past GOP support for cheap goods, MAGA allies now downplay short-term pain.
Purchasing power in the form of cheap goods is really the only thing distracting people from the fact that we are being ripped off by the wealthy. Now that Trump has levied tariffs as a political cudgel, when the nations of the world insulate themselves from our influence, people will have no one else to blame.
Sports and TV/movies are also there to provide that distraction. Bread and circuses.
Well, they’re taking away the bread, and the circuses cost $80/mo now. So probably won’t be able to keep it up too long.
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