Trump is 'treating people like they're stupid' with tariffs

Economic Policy & Impact - Tariffs are viewed as a tax increase on working people, potentially the largest since the 1930s [2][11] - The manufacturing sector experienced job losses, with approximately 26,000 jobs lost in May and June, and a preliminary estimate of 11,000 jobs lost in July [5] - Concerns exist regarding the feasibility of rapidly reshoring manufacturing, comparing the US manufacturing sector's current state to a person who hasn't exercised in 30 years [6] - Potential loss of energy tax credits could negatively impact employment in the renewable energy sector and innovation in battery technology [7] - Companies are challenging the legality of tariffs and demanding repayment of tariff fees already paid, which could undermine the argument that tariffs generate revenue for tax cuts [9][10] - Tariffs on American chips could undermine the progress made by the CHIPS Act in ensuring competitiveness with China in vital technologies [12][13] - The application of tariffs to allies is driving them closer to China, effectively prioritizing China's interests over America's [13][14] Political & Public Perception - Voters were dissatisfied with the economy under the Biden administration [1] - The speaker believes Trump is repeating the mistake of ignoring the discontent among American voters [1] - Trump's promises to quickly end inflation are not being met, and his actions, such as tariffs, are seen as contributing to rising costs [2] - Trump is perceived as treating people as unintelligent, particularly regarding the Epstein files and economic data [3][4] - Trump is accused of lying about the revenue generated by tariffs and its use for tax cuts [10] - Special treatment for corrupt elites is seen as the opposite of what people were promised, leading to outrage [12]