Wizard Bear (💉x8 + 😷) on Nostr: Trump's economic plans, if actually carried out, would raise the national debt AND ...

Trump's economic plans, if actually carried out, would raise the national debt AND increase inflation. Tariffs by definition raise the price of the goods to which they apply. The only way to offset that would be if there were domestic production of equivalent products at lower costs than the currently imported ones. The first problem with this is that there isn't domestic production any more for a huge quantity of imported goods. (1/2)