good job JD, you really gave those people who have spent their adult life around and in the markets a lesson. Whoo boy, Peter Thiel has groomed him well. He lies with completely straight face these days and has no qualms about doubling down.
Memo to Vance, Trump, supporters: tariffs are taxes.
It’s true that after Trump imposed tariffs on foreign-made steel, some American steel companies reopened mills and created new jobs. But several studies – like one from the Tax Foundation .. https://taxfoundation.org/research/all/federal/tariffs-trump-trade-war/ .. and another from the US-China Business Council .. https://www.uschina.org/reports/us-china-economic-relationship – say that overall, the US economy lost jobs due to Trump’s tariffs and the retaliatory tariffs other countries put on US goods and agricultural products.
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