{"id":11326,"date":"2024-10-18T19:02:19","date_gmt":"2024-10-18T19:02:19","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/18\/trumps-talk-of-tariffs-like-the-wall-puts-punishment-over-policy\/"},"modified":"2024-10-18T19:02:19","modified_gmt":"2024-10-18T19:02:19","slug":"trumps-talk-of-tariffs-like-the-wall-puts-punishment-over-policy","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/18\/trumps-talk-of-tariffs-like-the-wall-puts-punishment-over-policy\/","title":{"rendered":"Trump\u2019s talk of tariffs, like the wall, puts punishment over policy"},"content":{"rendered":"<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">Donald Trump has long argued that he avoids policy specifics because it limits his ability to negotiate. If he states publicly that he wants to do Specific Thing X, this suggests, his ability to pressure trade partners is hamstrung by their understanding his bottom line.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">You can see how this would appeal to Trump. It certainly comports with his experience prior to seeking the presidency, though it fails to account for the fact that the negotiating position of the U.S. government is magnitudes of order more robust than any private company. (He did come to appreciate the way in which the government could offer leverage of its own.) It also lets him avoid getting into policy specifics, something in which he\u2019s never demonstrated any actual interest.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">In the 2016 campaign, there was one policy point for which he regularly offered detailed specifics: his proposed wall on the border between the United States and Mexico. Often mentioning his background in construction, he would talk about how deep its foundations would go and which materials would provide the most effective barrier. Most of all, though, he\u2019d talk about how tall it was going to be.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">\u201cYou take precast plank,\u201d Trump said in August 2015. \u201cIt comes 30 feet long, 40 feet long, 50 feet long.\u201d You could easily make a 30-foot wall out of that. Or, as he said in February 2016, maybe it would be 35 to 40 feet tall. And so on.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">Eventually, he moved away from those specifics in favor of using the wall as a measure of how mad he was at immigrants and their defenders. A few minutes after predicting a 40-foot wall, a journalist noted that (despite Trump\u2019s pledge) Mexico said it wouldn\u2019t pay for the wall. Well, Trump replied, \u201cthe wall just got higher.\u201d<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">This became a tagline: The wall just got 10 feet higher! His crowds ate it up, understanding that he wasn\u2019t saying the wall would actually be 80 feet tall or whatever but, instead, that the wall was a representation of how Trump would lash out against the things they disliked. Oh, Mexico doesn\u2019t like a 40-foot wall? Well, how about a 50-foot-tall one. The D.C. elites think that\u2019s ridiculous and counterproductive? Now it\u2019s 60 feet tall. Keep going, guys, and see how tall the wall gets.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">Eight years later, Trump\u2019s campaign is centered on another policy proposal that mirrors how he once talked about the wall: tariffs.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">Like the wall, Trump embraces tariffs because they are viewed as punitive. He can tell his audience that the imposition of fees on imports will serve as a way to punish the Chinese and other foreign manufacturers. As with the wall, the tariffs would end up being paid for by Americans (since the costs of tariffs are paid by the importer, who passes a big chunk of those costs on to buyers). But, as with the wall, Trump assures his followers that it\u2019s the foreigners who will feel the pain.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">Then there\u2019s the fake, malleable specificity of the scale of tariffs. Instead of talking about height, Trump keeps talking about percentages. Maybe the tariffs on goods from foreign countries will be 20 percent. Maybe the ones on products from China will be 60 percent. Maybe he\u2019d double or triple the overall price. Maybe the tariffs would surge to 1,000 percent!<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">These are not serious proposals, any more than a 60-foot wall was. The inflated numbers serve not as a prediction of what he\u2019ll do but, instead, as a measure of how mad he is at the people who would pay the price (at least according to him).<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">Speaking to Fox News\u2019s Maria Bartiromo over the weekend, Trump assured her that the numbers he was offering wouldn\u2019t go into effect \u2014 because, he said, companies would be scared into manufacturing their products domestically.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">\u201cSo you\u2019re not going to actually push prices higher?\u201d Bartiromo said. \u201cThat\u2019s your thinking?\u201d<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">Of course, Trump assured her. Yes, he was saying he\u2019d impose a 200 percent tariff, but he was \u201cusing that just as a figure of speech.\u201d She pointed out that he used that particular figure a lot, to which he replied, \u201cWell, I will say 100, 200. I will say 500. I don\u2019t care.\u201d<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">The point isn\u2019t the specific. The point is the rhetorical effect.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">Some Trump allies have argued that this is the important point: He wouldn\u2019t actually implement tariffs that would have a predictable inflationary effect on the American consumers who would end up incurring the costs. Instead, he\u2019s just staking out an extreme position from which he can negotiate.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">The problem with that argument is seen in Trump\u2019s actual presidency, particularly when contrasting his rhetoric around tariffs with what he said about the wall. Halfway through his term in office, he began facing criticism from right-wing media personalities for failing to build any wall. So he forced a government shutdown in an effort to get funding for a wall, eventually giving up that fight in favor of declaring a national emergency that allowed him to appropriate funding from other places, mostly the military. The wall was built.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">Trump would almost certainly feel similar pressure to implement tariffs, purported punitive measures against foreign manufacturers. He imposed tariffs when he was in office the first time around! The question isn\u2019t whether he\u2019d do this but, instead, how broadly they\u2019d be implemented.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">For now, though, the point of Trump\u2019s rhetoric on tariffs isn\u2019t to offer a precise explanation for how he\u2019d use the tool to advance American interests. As with his talk about the wall in 2016, it\u2019s to present himself as an outside-the-box thinker, someone who will buck convention (and the warnings of economists) to inflict damage against foreign companies and countries. And the more you complain about it, the more damage he says he\u2019s going to inflict.<\/p>\n<p class=\"wpds-c-heFNVF wpds-c-heFNVF-iPJLV-css overrideStyles font-copy\">Should he win the election, tariffs will follow. They won\u2019t be 1,000 percent any more than the wall was 60 feet tall. (It ended up being about 30 feet.) But, given Trump\u2019s interest in saving face, they won\u2019t be zero.<\/p>\n<\/p>\n<div>This post appeared first on washingtonpost.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump has long argued that he avoids policy specifics because it limits his ability to negotiate. If he states publicly that he wants to do Specific Thing X, this suggests, his ability to pressure trade partners is hamstrung by their understanding his bottom line. You can see how this would appeal to Trump. It [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":11327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-11326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/11326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=11326"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/11326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/11327"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=11326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=11326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=11326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}