Explain Like I'm Five

15714 readers

78 users here now

Simplifying Complexity, One Answer at a Time!

Rules

Be respectful and inclusive.
No harassment, hate speech, or trolling.
Engage in constructive discussions.
Share relevant content.
Follow guidelines and moderators' instructions.
Use appropriate language and tone.
Report violations.
Foster a continuous learning environment.

founded 2 years ago

MODERATORS

[email protected]

ELI5 How does a tariff against a major trading partner effect the common pleebs? (lemmy.world)

submitted 1 week ago by [email protected] to c/[email protected]

16 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 14 points 1 week ago

The "deal" under neoliberalism was that some workers would feel pain as factories closed, but every worker would see a better lifestyle from cheap imported consumer goods.

They're taking away the cheap consumer goods. The point, they say is to bring the factories back, but I'm going to need someone to explain to me how that's supposed to work. Especially since Trump is trying to kill the 'Chips' act that was specifically designed to onshore a vital industry.