US president says he will ask Saudi Arabia and Opec to lower oil prices; reiterates there are "only two genders".

US President Donald Trump told world business leaders on Thursday to manufacture in the United States or face tariffs, in his first major speech to global leaders since returning to the White House this week. … “Come make your product in America and we will give you among the lowest taxes of any nation on earth,” Trump said today, speaking remotely to the World Economic Forum (WEF) in Davos, Switzerland.

“But if you don’t make your product in America, which is your prerogative, then very simply you will have to pay a tariff,” he added.

  • kewjo@lemmy.worldEnglish
    0·
    15 days ago

    from your own source

    There is a broad consensus among economists that protectionism has a negative effect on economic growth and economic welfare, while free trade and the reduction of trade barriers has a positive effect on economic growth.

    A 2016 study found that “trade typically favors the poor”, as they spend a greater share of their earnings on goods, as free trade reduces the costs of goods

    So to reduce costs of goods we will make cheap items from China cost more so USA made can compete at a higher price. why doesn’t the math work here? how does this result in a better economy?

    • funkless_eck@sh.itjust.worksEnglish
      1·
      14 days ago

      such a fan of the quote from source disproving the original post.

      Only superceded by the double “this you?” screenshot