this post was submitted on 29 Apr 2025
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No Stupid Questions

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I’ve been reading up on the tariffs that were imposed during the Trump administration and I keep seeing mixed reviews about their effectiveness. On one hand, they seemed to protect certain domestic industries by making imported goods more expensive; on the other hand, there’s a lot of talk about higher prices for consumers and retaliatory measures from trading partners.

The thing is, these tariffs aren’t exactly popular among everyone. If we were to look back 1 year out, 2 years out, and even a few more years down the line, how will we actually know if this was a good move?

Surely there are some metrics or outcomes that can help us evaluate their success or failure. I guess it's not as simple as checking stock market performance alone, although that’s probably part of it, right?

Is it primarily about looking at changes in trade balances with countries like China, or do we need to consider the broader economic impacts, such as job growth within certain industries? And how much weight should be given to the political ramifications, like strengthened relationships (or tensions) with trading partners?

I’d love to hear your thoughts on what metrics or indicators would help determine whether these tariffs were indeed a beneficial strategy. Thanks in advance for any insights!

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[–] db2@lemmy.world 43 points 16 hours ago (2 children)

They're not. If you think they are you're a moron. There's no gentle way to put it.

It's a grift. They already did it once this month, it's called insider trading.

[–] yarr@feddit.nl 5 points 9 hours ago (2 children)

I don't think it's a good idea. I just want to know if the badness of the idea can be quantified. Otherwise there's the chance that in the future, someone decides to do it again.

[–] db2@lemmy.world 8 points 9 hours ago

It had been done before, the result was known. Many people spoke up. It made no difference because his goal is to harm others and enrich himself.

[–] Ziggurat@jlai.lu 1 points 6 hours ago

Objectively What's the stated goal (A classic example being green policies which are bad for the economy but good for society) and then compare the results in let's say one year.

That said, economic have plenty of model whose accuracy go from not worse than rolling a dice to good enough to predict the consequences of policies before implementing them so they can do better