Reading a Substack blog, I think this is an underrated aspect of the criticism of the tariff policy and especially, how Trump is going about it.
Quote:
Speaking of cycles, the final accursed aspect of this policy — and the reason it’s so nutty of the UAW to endorse it — is that if you’re hoping to shift investments in factories and outputs, you need to be making credible long-term commitments. There is probably some universe in which you convince people that they should move their spring and brake pad factories back from Mexico to the United States. But are these tariffs that Trump announced going to be in place in three weeks? In three months? In three years? Does Trump actually want to erect high tariff barriers around the United States, or is he doing coercive diplomacy and aiming to extract concessions on other issues?
It’s not just that the president’s decision-making is erratic and mercurial (although it is). His team keeps offering different explanations for the goals of his trade policy. That’s not a formula for reshaping any kind of business investment decisions, it just induces paralysis.
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M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete."
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