alt Hacker NewsOverall I agree, but I'm not sure there's literally no point. American primary producers will likely benefit - people who own mines, oil wells, farms, etc., and some American manufacturers too as long as they source enough of their raw materials from within the US that the price hikes on resources from overseas don't bite them too much. Still an overall loss that will be borne by American consumers, but a small section of the population who are already wealthy will greatly benefit...
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> people who own mines, oil wells, farms, etc.
Huge swaths of midwestern farmers will go bankrupt if tariffs are imposed. Subsidies and exemptions are being specifically added to prevent the complete collapse of multiple red state economies due to the harm from the tariffs.
Even things like oil and mines aren't guaranteed safe, because of complexities around where refineries are, loss of export market, or weakness of dollar offsetting any nominal gains when looking at actual purchasing power.
The point is, as this Senator explains, not economic, but to gain leverage over companies and countries:
https://bsky.app/profile/chrismurphyct.bsky.social/post/3llu...
"Do _____ and maybe we can cut you some slack on the tariffs"
If there is a point and it's not just absolute stupidity.