Interesting testimony dropped recently at the Ways and Means Committee hearing. An economist made a pretty straightforward argument: if you really want American businesses and workers to stay competitive globally, the most direct move? Roll back those tariffs put in place during the Trump era.
No complicated policy gymnastics. Just remove the tariffs. That's the pitch.
The logic here is simple but worth noting. Trade barriers like tariffs can shield domestic industries short-term, sure. But they also raise costs for businesses that rely on imported materials and components. Higher input costs mean less competitive pricing. Less competitive pricing means losing ground internationally.
For workers, the equation gets messier. Protected industries might preserve some jobs temporarily, but if those companies can't compete on price or innovation because they're paying inflated costs for supplies, long-term employment prospects look shakier.
The testimony framed it as a competitiveness issue first, not an ideological trade stance. When you're competing with companies in markets that have lower input costs, every percentage point matters. Tariffs add friction. Removing them removes friction.
Whether policymakers actually act on this kind of recommendation is another story entirely. But the argument on the table is clear: ditch the tariffs, boost competitiveness.
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PositionPhobia
· 3h ago
That same old argument of "cancel tariffs to win" ... It sounds appealing, but is it true? American manufacturing has already been hollowed out. Now, opening up import costs will only backfire on itself.
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GateUser-e19e9c10
· 17h ago
Here we go again with this set? Tariffs sound nice in theory, but when it really affects the workers... Opening markets sounds great, but when cheap imports flood in, who will come to the rescue?
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LightningClicker
· 12-10 14:12
Basically, it's like Trump's tariff policy shooting himself in the foot—raising costs and actually reducing competitiveness. The logic makes sense.
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MEVHunterBearish
· 12-10 14:12
It sounds nice, but the key is that politicians simply won't listen... The cake of protectionism is just too tempting.
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bridgeOops
· 12-10 14:12
That's right, tariffs are basically adding costs to ourselves. U.S. companies have long been struggling to breathe, how can they compete with other countries?
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MEVHunterWang
· 12-10 13:56
Basically, tariffs hurt the United States itself. The logic makes no sense.
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NeverVoteOnDAO
· 12-10 13:49
That's right, tariffs are just adding costs to yourself... Isn't it deserved that American companies' competitiveness declines?
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RektHunter
· 12-10 13:48
In plain terms, tariffs have killed the costs, and American companies simply can't compete anymore.
Interesting testimony dropped recently at the Ways and Means Committee hearing. An economist made a pretty straightforward argument: if you really want American businesses and workers to stay competitive globally, the most direct move? Roll back those tariffs put in place during the Trump era.
No complicated policy gymnastics. Just remove the tariffs. That's the pitch.
The logic here is simple but worth noting. Trade barriers like tariffs can shield domestic industries short-term, sure. But they also raise costs for businesses that rely on imported materials and components. Higher input costs mean less competitive pricing. Less competitive pricing means losing ground internationally.
For workers, the equation gets messier. Protected industries might preserve some jobs temporarily, but if those companies can't compete on price or innovation because they're paying inflated costs for supplies, long-term employment prospects look shakier.
The testimony framed it as a competitiveness issue first, not an ideological trade stance. When you're competing with companies in markets that have lower input costs, every percentage point matters. Tariffs add friction. Removing them removes friction.
Whether policymakers actually act on this kind of recommendation is another story entirely. But the argument on the table is clear: ditch the tariffs, boost competitiveness.