I'm glad they've done the work here and put a figure on it - the impact absolutely needed to be quantified - but I also have to say... to the surprise of absolutely no-one with even the most basic grasp of how economies function.
People, lots of people, lots of people who have a really deep understanding of national and global economics (unlike me), have been warning about this since talk of tariffs became common currency a year ago.
I wouldn't like to comment on HN's political leanings in the round and, obviously, there are a large portion of non-US readers/commenters on the site (including me), but will say this: there are a portion of you who voted for this. Exactly this.
What were you thinking? What was going through your heads? I'm genuinely curious.
EDIT: Wow... well, having asked the question, it looks like I now have a lot of answers and perspectives to read. Thank you all for taking the time to comment.
People, lots of people, lots of people who have a really deep understanding of national and global economics (unlike me), have been warning about this since talk of tariffs became common currency a year ago.
I wouldn't like to comment on HN's political leanings in the round and, obviously, there are a large portion of non-US readers/commenters on the site (including me), but will say this: there are a portion of you who voted for this. Exactly this.
What were you thinking? What was going through your heads? I'm genuinely curious.
EDIT: Wow... well, having asked the question, it looks like I now have a lot of answers and perspectives to read. Thank you all for taking the time to comment.