Thomas Sowell Calls Trump Tariffs ‘a Ruinous Decision’

Robinson What do you ░░░░░░░░ of the present president ░░░░░░░░ the United States and ░░░░░░░░ tariffs SOWELL It s ░░░░░░░░ to see what a ░░░░░░░░ decision from back in ░░░░░░░░ 1920s being repeated Now ░░░░░░░░ as he s using ░░░░░░░░ tariffs to get various ░░░░░░░░ things settled and and ░░░░░░░░ that and that he ░░░░░░░░ satisfied with that But ░░░░░░░░ you set off a ░░░░░░░░ trade war that that ░░░░░░░░ a devastating history everybody ░░░░░░░░ because everybody follows suit ░░░░░░░░ all that happens is ░░░░░░░░ you get a great ░░░░░░░░ in international trade The ░░░░░░░░ is is is disturbing ░░░░░░░░ another sense Franklin D ░░░░░░░░ when he was president ░░░░░░░░ the 1930s said that ░░░░░░░░ have to try things ░░░░░░░░ if and if if ░░░░░░░░ they don t work ░░░░░░░░ you admit it you ░░░░░░░░ that you go on ░░░░░░░░ something else and you ░░░░░░░░ that until you come ░░░░░░░░ something that that does ░░░░░░░░ Now that s that ░░░░░░░░ not a bad approach ░░░░░░░░ you are operating within ░░░░░░░░ known system of rules ░░░░░░░░ Mm hmm SOWELL But ░░░░░░░░ you are the one ░░░░░░░░ s making the rules ░░░░░░░░ all the other people ░░░░░░░░ no idea what you ░░░░░░░░ going to do next ░░░░░░░░ that is a formula ░░░░░░░░ having people hang on ░░░░░░░░ their money until they ░░░░░░░░ out what you re ░░░░░░░░ to do And when ░░░░░░░░ lot of people hang ░░░░░░░░ to their money you ░░░░░░░░ get results such as ░░░░░░░░ got during the Great ░░░░░░░░ of the 1930s So ░░░░░░░░ this is just a ░░░░░░░░ of short run ploys ░░░░░░░░ various various limited objectives ░░░░░░░░ in time fine Maybe ░░░░░░░░ if if this is ░░░░░░░░ to be the policy ░░░░░░░░ four long years that ░░░░░░░░ re going to try ░░░░░░░░ you re going to ░░░░░░░░ that you re going ░░░░░░░░ try something else A ░░░░░░░░ of people are going ░░░░░░░░ wait I think what ░░░░░░░░ in the stock market ░░░░░░░░ when things came down ░░░░░░░░ for for for quite ░░░░░░░░ while And I note ░░░░░░░░ various people are holding ░░░░░░░░ to their to their ░░░░░░░░ before they do anything ░░░░░░░░ they don t know ░░░░░░░░ this is going to ░░░░░░░░