For the second time in two weeks, Hinderaker intentionally, and falsely, conflates “customs duties paid” with… actual tariff economic effects in the US GDP.
[Here was his BS version from last week, which we answered with the graphic at right, and some logic — here. He knows his “argument” is in fact just a silly lie, to dupe the… ignorant / MAGAts. But I repeat myself.]
Now he’s trying to say that Tangerine 2.0’s 25% (at least announced) tariffs, on aluminum and steel… won’t dent the US economy. That is patently… false (if he actually sticks to his word). And worse, it won’t bring steel or aluminum production “back home” in any event.
The remaining US ore-bodies are just… too low grade. Uneconomic, even when China has to add one-quarter to the price of its like goods. It won’t be enough.
The only saving grace is that Tangerine never does what he belches all over the world about: his supposed tariffs will vaporize in the night — likely without him ever even acknowledging that he… blinked.
Xi will win out here, again, against the dotard’s fecklessness.
And only US based steel and aluminum producers will be the worse off, for it all.
Charming, John. Do tell me again: how exactly is that “America, First”?
Powerline Lies... 