this post was submitted on 07 Nov 2024
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He likely understands what a tariff is well enough. His problem is that he either doesn't understand the implications or chooses not to communicate that part to voters.
He understands tariffs in his terms - that "tariffs" is a useful word to trick people into doing what he wants. How tariffs work in the real world is irrelevant to him, the word gets him what he wants, and that's all he needs from tariffs.
except he "renegotiated" nafta and is now threatening mexico with tariffs. He's a childlike negotiator playing geopolitics backed by like 5 giant media conglomorates and silicon valley guys who reinvent busses and trains every 5 years.
The reality is the crypto people are going to stash their crypto as the economy tanks intent on living like millionaires. Then the big money will cash out and crash that market leaving all the small holders in the dust.
Trump understands tariffs, as far as they sound fancy and like a threat to foreigners, his followers understands it even less. Using fancy words make you sound authoritative. Trump's followers like authoritarian leaders.