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20 September
19 September
17 September
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Their words
The current problem with prices might be one part AI construction boom, but it is one part Trump's tariffs and one part Trump's war in Iran as well.
23 July
24 February
From one piece Attack of the Zombie Tariffs 4 beliefs, in the piece's order there
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korrents.com
The tariffs survived the case for them because their real purpose was the personal power they conferred.Their words
It has been clear from the beginning that a primary motivation for tariffs was that they empowered Trump personally.
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Their words
Revenue from the Trump tariffs, even pre-Court, wasn’t enough to make a large dent in the deficit.
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korrents.com
The tariffs did not revive American manufacturing; employment in it fell after they were imposed.Their words
Trump also claimed that his tariffs would revive American manufacturing. In fact, manufacturing employment has declined since Liberation Day.
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korrents.com
The 2025 American tariffs did not reduce the trade deficit they were imposed to reduce.Their words
In fact, the U.S. trade deficit for all of 2025 was about the same as it was in 2024.
12 February
From one piece Speed Can Reindustrialize America 2 beliefs, in the piece's order there
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Their words
Zero tariffs are the best way to help them.
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korrents.com
Tariffs on imported components and machinery hurt the American manufacturers they are supposed to help.Their words
These end manufacturers (new and old) are vulnerable to tariffs on their inputs and they are the buyers that the "speed strategy" is relevant for.
9 February
From one piece JL Goes International, and to ETFs…… Oh my! 2 beliefs, in the piece's order there
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korrents.com
Tariffs are likely to become inflationary once companies can no longer absorb the added costs.Their words
These tariffs are also likely to be very inflationary once companies are no longer willing or/and able to absorb them.
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Their words
Tariffs, and especially the erratic implementation of them, are teaching our allies and enemies alike that the US is no longer a reliable trading partner.
25 December 2025
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korrents.com
Rebuilding American manufacturing is a decades-long educational and cultural project, not something tariffs can do.Their words
America needs an educational and cultural transformation to compete with China and reverse the decline in living standards that Americans have suffered over decades.
15 August 2025
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Their words
In terms of things that are causing us to lose to China, tariffs are neither here nor there because, as we've discussed, we're not sensitive to cost on power. But the environmental regulations that are actively preventing us from deploying renewable energy in the United States, like this is the reason Texas is winning. Texas is out deploying California 10 to1.
13 August 2025
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Their words
Tariffs, this kind of highly protectionist method is very distortionary and it’s going to be bad for the US. I’d actually argue that both China and the US have totally taken advantage and also enjoyed the global economic realm under the US liberal order.
30 May 2025
From one piece The Trump Tariffs 2 beliefs, in the piece's order there
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Their words
There is everything to play for, and we can still all come out better off.
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korrents.com
Tariff announcements function as political theater and can be reversed as easily as they were imposed.Their words
The tariffs create political headlines that distract. But just as they can be easily announced, they can just as easily be changed or removed.
15 May 2025
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Their words
That’s because most clean energy jobs are in deployment and maintenance rather than manufacturing, and since higher costs slow down the rollout of renewables, increasing prices reduces the total number of people working in clean energy (even if the number working in manufacturing increases).
29 April 2025
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korrents.com
The US-China trade imbalance is driven mainly by capital flows, not tariffs or trade deficits.Their words
Tariffs and trade deficits are a distraction from the deeper source of the US-China current account imbalance, namely capital flows.
14 April 2025
From one piece Tariffs, saving, and investment 2 beliefs, in the piece's order there
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korrents.com
The right answer on trade is unilateral free trade, and the hard part is only explaining why the objections fail.Their words
Tariffs are easy: The right answer is unilateral free trade.
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Their words
But the spike in interest rates require to do this would be huge. And the trade shock will cause a sharp recession, or worse, putting even more stress on the budget. A debt crisis is likely along the way as the US finds it impossible to roll over debt.
10 April 2025
6 April 2025
From one piece America Underestimates the Difficulty of Bringing Manufacturing Back 3 beliefs, in the piece's order there
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korrents.com
Tariffs on imported components and machinery hurt the American manufacturers they are supposed to help.Their words
They applied the same tax to the components that you need to make things in America that they did to finished goods that were made outside of America.
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Their words
When the United States applied tariffs to China, it shifted huge amounts of manufacturing to Vietnam, which did not have tariffs applied to it.
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korrents.com
Uncertainty about how long a tariff will last, not the rate itself, is what stops anyone from building a factory.Their words
The tariffs have frozen business activity because no one wants to take a big risk dependent on a policy that may change next week.
31 March 2025
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