..speaking of Trump, now he is also going to hit domestic American companies (not just foreign companies) with tariffs, if they produce their goods/machinery outside of USA*.
..yes, he may want to save American jobs, but John Deere and many companies like John Deere would not be able to produce their goods as cost competitive. So either American farmers would have to pay more or John Deere being a public listed company would make less money. If cost of production is higher for farmers, we get food inflation.
..nationalist policy that helps to save American jobs will come at the expense of American competitiveness. You can't have it both ways.
..but I would want to see him actually doing that (if he gets to be Prez) and not just another populist rhetoric.
* seriously if that was the magic solution to increase jobs, all economists would have recommended it.
Trump said: "I'm just notifying John Deere, $DE, right now. If you build in Mexico, we're putting a 200% tariff on everything that you wanna sell into the United States so that if I win, John Deere is gonna be paying 200%." https://x.com/unusual_whales/status/1840451727243264414
