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by seanmcdirmid
313 days ago
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Trump is only in office for 3 and a half years. Spending $600b will take much longer time than that. Assuming america remains democratic, the next president is very likely to wash away most of what Trump has done on day one (since he did all of this via executive order). |
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2. The tariffs are producing revenue for the Federal government. Hundreds of billions per year. To remove the tariffs arbitrarily in the future, a President would need to assume the political risk of increasing the national deficit.
3. Trump imposed tarriffs on his first term that Biden did not reverse. Even if the next President is a Democrat it's more likely than not that the trade deals remain in place.
4. A strong contender for the next president is the current vice president, JD Vance, who would be highly unlikely to reverse.