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#freetrade

6 posts6 participants3 posts today

"Now, just because some tariffs are beneficial, it doesn't follow that all tariffs are beneficial. When the "Asian Tiger" countries were undergoing rapid industrialization and lifting billions of people out of poverty, they did so with tariffs – but also with extensive industrial policy and direct investment in critical state industries (Biden was the first president in generations to pursue industrial policy, albeit a modest and small one, which Trump nevertheless dismantled).

Trump is doing mirror-world tariffs: tariffs without industrial policy, tariffs without social safety nets, tariffs without retraining, tariffs without any strategic underpinning. These tariffs will crash the US economy and will create calamitous effects around the world:
(...)
But the fact that Trump's tariffs are terrible doesn't mean tariffs themselves are always and forever bad. Resist the schizmogenic urge to say, "Trump likes tariffs, so I hate them." Not all tariffs are created equal, and tariffs can be a useful tool that benefits working people.

And also: the fact that tariffs can be useful doesn't imply that only tariffs are useful. The digital age – in which US-based multinational firms rely on digital technology to loot the economies of America's trading partners – offers countries facing US tariffs a powerful retaliatory tactic that has never before been seen on this planet. America's (former) trading partners can retaliate against US tariffs by abolishing the legal measures they have instituted to protect the products of US companies from reverse-engineering and modification. Countries facing US tariffs can welcome US imports – of printers, Teslas, iPhones, games consoles, insulin pumps, ventilators and tractors – but then legalize jailbreaking these devices:"

pluralistic.net/2025/04/02/me-

pluralistic.netPluralistic: What’s wrong with tariffs (02 Apr 2025) – Pluralistic: Daily links from Cory Doctorow
#USA#Trump#Tariffs

One thing that I haven’t seen discussed much about Trump’s tariffs is how it increases the risk of large-scale war going forward.

The free trade economic model adopted post-WW2 was specifically designed to make countries economically interdependent and therefore less likely to go to war with each other. (It was also intended to make the rich even richer, in which it wildly succeeded, but that’s another story.)

Trump’s dismantling free trade will undermine global stability for decades to come. If there is a WW3, we may be able to point to today as a significant contributing factor.

Replied in thread

@randahl Perhaps economists on the thread can chime in with their favourite #FreeTrade and specialisation arguments. For the rest of us, we have to dig out #AdamSmith et al.

The world tried for decades to agree on unrestricted, international trade #WTO and now it's like you have to debate the underlying principles again.

Republican senators break ranks to call for investigation of Signal leak scandal

Senior GOP figures warn of potential ‘significant political problem’ for Trump administration in rare sign of unrest

theguardian.com/us-news/2025/m

(if these guys are caught on camera in a moscow hotel room peeing on a prostitue and you get the stream, they will blame the camera, the prostitue, you).

#us #usa #walz #atlantic #atlanticLeak
#yemen

#Europe #NATO #freeTrade
#Ukraine #UkraineWar #StandWithUkraine

The Guardian · Republican senators break ranks to call for investigation of Signal leak scandalBy José Olivares

Allen, die Zölle für eine eher abstrakte transatlantische Gefahr halten, sei hier mal der #Brexit vor Augen geführt: ich hatte einen etwas teureren Artikel in GB gekauft (weil nur dort erhältlich), der ist heute angekommen und der Paketbote hat uns f***ing 10% #Zoll plus eine unverschämt hohe Auslagepauschale abgeknöpft. Global gesehen mögen das Peanuts sein, es ist aber ein schönes Beispiel dafür, dass #Freihandel allen nützt und andersrum #Handelskrieg|e allen schaden.

Rage to boycott US products is spreading.
US had voted for #tariffs back in November, which is pretty much the same thing really.

If I were either US #maga or EU #populist, I would advocate for ditching free markets, enrage my electorate base against the others, and perpetuate my position in power.
A win-win situation for US and EU politicians.

theguardian.com/us-news/2025/m

The Guardian · ‘I feel utter anger’: From Canada to Europe, a movement to boycott US goods is spreadingBy Peter Beaumont

> .. the miracle.. market.. Reagan? .. a standard line..[but] Reagan was the most protectionist president in post-war U.S. history.. he.. doubled protective barriers, more than all post-war presidents combined.. a reason..[in] the late 1970s there was a great deal of concern in the business world that U.S. companies could not compete with superior Japanese manufacturers. U.S. managers hadn’t understood the new techniques... developed in Japan.
znetwork.org/zmagazine/kicking
#uspol #FreeTrade

Replied in thread

@flyhigh it is.

But as any #African intellectual will tell you, first the #oligarchy and #elite of #Africa has to be dealt with, #freetrade between African nations need to happen (actual free trade, none of this wishy washy bullshit), #feudalism needs to die in a fire and basically all predatory contracts with multinationals needs to also gtfo or renegotiate.

Then there's some of those IMF loans that were made in bad faith on both sides. That needs to be a lawsuit in the #ICJ.

“Our peaceful trading partners are not our enemies; they are our allies. We should beware of the demagogues who are ready to declare a trade war against our friends – weakening our economy, our national security, and the entire free world – all while cynically waving the American flag.”

- Ronald Reagan, noted woke DEI hire, 26 November 1988