TEN POINTS ON TARIFFS
Tariffs are not a good idea for the US. Deregulation should be pursued instead. Here's why.
(1) Tariffs only protect the home market. First, at best, tariffs protect the US home market. But China only sends ~16% of its goods to the US! So even Trump's 10% tariff doesn't phase them, because they are selling 84% to other countries:
(2) Tariffs hurt allies. Next, as the US imposes tariffs on allies, they become less likely to abide by US-requested trade restrictions on China. For example, the Netherland is no longer classifying ASML machines as dual-use, opening them up for China.
(3) Tariffs are small incentives at high costs. Third, tariffs are at best a small incentive on the margins to manufacture in the US. A producer might make more money over the long run if a tariff is sure to persist. But these huge tariffs keep blinking in and out, which is the worst of all worlds. The uncertainty means you can't plan on tariffs being there tomorrow, and the high cost means you can't ignore them when they are imposed today. Breaking supply chains in this way just wrecks anyone exporting or importing into the US.
(4) Tariffs don't help exports. Once retaliatory tariffs are imposed, US companies become even less competitive abroad in the 100+ countries where American and Chinese products compete. In fact, US tariffs open the door for China to move into Western Europe, Canada, and Mexico — the only places it hasn't yet become the dominant trade partner:
(5) Tariffs aren't specific. Remember, the US has a money printer! So it can just directly invest in specific industries it thinks are strategic, rather than adopting the extremely imprecise instrument of tariffs. Subsidizing alcohol to Canada is not strategic.
(6) Tariffs aren't realistically autarkic. There are only 77M MAGA but almost 1B+ in the EU, Japan, South Korea, Canada, Australia, and New Zealand combined. There is just no way that 77M MAGA can produce as much as that "Golden Billion" economic union set up at great expense over 80 years. If you push the world to make everything autarkically within a single country, then China wins — because it has 1B+ scale.
(7) Tariffs are irrational nationalism. Relatedly, tariffs do not correctly implement the who/whom or friend/enemy distinction. MAGA should understand that many allies like @PierrePoilievre are non-American, while many declared enemies are Blue Americans. If you're alienating Canadian conservatives while subsidizing the American far left, you're doing it wrong:
(8) Tariffs are a diplomatic loser. While the US is alienating economic allies, China is signing free trade agreements (FTAs) with dozens of countries. The PRC has ~25 signed and 18 more on the way.
(9) Tariffs are an unnecessary fight. Given that Republicans already inherited a Hot War with Russia, a Cold War with China, and a Cold Civil War with Democrats...why open up completely new conflicts with Canada (!?)
(10) Tariffs aren't deregulation. Finally, easing domestic regulation is far better for improving production than adding new regulations in the form of tariffs. Because deregulation doesn’t cause retaliation, and it also unlocks new production. There is political will to deregulate, so why not do that?
TLDR: don't increase regulation via tariffs. Deregulate instead.
Kinto Token Sale Soon: Another Quick Profit Opportunity? 💰
The Kinto token sale is going live in less than 18 hours! Our previous pre-sales—FUEL and LAYER—performed well, delivering a solid 3X quick profit.
Kinto looks like it could be another great chance. The sale starts at $10 per token, the same price top investors paid last year.
I’ll be joining the sale, and if you’re interested, make sure to complete your KYC (if you're a new user) and deposit USDC from Arbitrum, Base, or other supported chains to be ready.
✅ Get Started Here: https://t.co/XujMYouyt3
Here’s a quick breakdown of the sale:
- Token allocation: 2.5% (250K tokens)
- Sale starts: 6:00 PM UTC, 18th Feb (Today)
- Sale type: Bidding
- Price range: Lowest bid is $10, highest is $30
- No vesting (all tokens available for sale at TGE)
- TGE: 31st March 2025
Minimum investment: $500
Maximum investment: $100,000
Everyone will pay the same price, based on the lowest successful bid. If the goal is met, users can claim their tokens and any unused USDC on February 24th. If the goal isn’t met, users can retrieve their USDC on February 21st.
Join me on TradingView, this place is awesome. If you eventually grab a paid plan, you get up to $15 as a bonus! Use this link to sign up: https://t.co/ew7IGwOzHZ
I've just unlocked my potential with Multichain Score by @0xNomis! What is your web 3 reputation like? https://t.co/WYkjF3nnmK #OnchainReputation#Nomis
So much fun, I just like the meme-styled NFT😁
Just minted the NFT of @M_N_G_A
You can try it out if you got their WL. Let's Make NFT Great Again🚀
https://t.co/3KIAlluPBI
🍀🗺️ Welcome to Mint Expedition - A New Era for Web3 and NFTs Begins Now 🟢
Gm Mint community,
Today, we are thrilled to welcome you to Mint Expedition - @Mint_Blockchain’s latest voyage with the flagship ecosystem set to revolutionize Web3 & NFTs decentralized applications (apps).
With the successful release of the Mint Dev Mainnet on May 15 and the Public Mainnet on July 1st, 2024, Mint’s latest voyage, Mint Expedition, is now grandly open! 🟢→🍀🗺️
Dive in 👇
https://t.co/TseEREr3OM
🔥@IDG_Blockchain, a proud member of @IDGCapital (backer of unicorns like Tencent, Baidu, Coinbase, Circle, and Ripple), is now a co-lead investor in U2U Network 🤝
🌐 With the ambition in the Trillion-Dollar #DePIN Market of U2U Network and IDG Blockchain's 20+ years of VC expertise + a seasoned Web3 technology and business team, IDG Blockchain's strategic investment in U2U Network will focus on building a sustainable and expansive ecosystem for DePIN technologies. This involves improving the Subnet Protocol and enhancing tools that simplify development for developers.
❓ Why IDG Blockchain decided to make this strategic investment: https://t.co/2NtcsdfNkr
More big names will be announced soon, don't wanna miss out?
Follow, Like + Retweet to catch up!
🚀 @GroFi_Dex Launchpad #IDO is a key incubator of #GroFiDex for #Web3 projects looking to implement their ideas and bootstrap their token ecosystems.
What are some of the benefits for #IDO projects and investors?
Let’s dig in 👇
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🚀 Launchpad #INO#X721 offers a unique chance for emerging #NFT projects to gain exposure, funding and community support. Leveraging our established network and expertise, we help promising projects navigate the complexity of #NFT space, from concept to launch.
Let’s dig in 👇