Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
The problem is that it makes everything more expensive. With the alternatives costing 30% more all the domestic just raise their prices by 30% to match. Of course that gives some wiggle room for domestic to be like maybe 1% lower but basically everything shoots up because capitalism and extracting as much value as possible.
Like when the steel and aluminum tarrifs went into effect the domestic prices jumped up with it.
I think once China slapped on retaliatory tariffs om farmers and the US had to drop a new wave of subsidies it locks in the tariffs a bit until a new wave of negotiations can be made. I suspect China stalled those negotiations in hopes they could dupe trump into a better deal.
Given Trump is saying that the trade deal with Mexico is bad (the deal he negotiated) and is threatening tariffs on Mexico its clear he is just using tariffs as a scare tool. Unfortunately every world leader saw him get dog walked in the debates and knows he’s a moron so now its unlikely he’ll be taken seriously.
Major costs for most people are housing, transport and groceries - mostly domestic products already. We’d be far better off reducing those prices first.
Realistically the US would need to import raw materials for things like electronics so for a lot of things it would just raise prices and domestic infrastructure/manufacturing would remain unchanged.
Obviously. The point is, that if you make the product in the United States, you won’t pay the tariffs.
Who would have thought that importing a product from China is when the 30% tariffs would apply?
Biden never rolled back Trump’s 2017 Tariffs. Why didn’t he?
Oooooooooo
The problem is that it makes everything more expensive. With the alternatives costing 30% more all the domestic just raise their prices by 30% to match. Of course that gives some wiggle room for domestic to be like maybe 1% lower but basically everything shoots up because capitalism and extracting as much value as possible.
Like when the steel and aluminum tarrifs went into effect the domestic prices jumped up with it.
I think once China slapped on retaliatory tariffs om farmers and the US had to drop a new wave of subsidies it locks in the tariffs a bit until a new wave of negotiations can be made. I suspect China stalled those negotiations in hopes they could dupe trump into a better deal.
Given Trump is saying that the trade deal with Mexico is bad (the deal he negotiated) and is threatening tariffs on Mexico its clear he is just using tariffs as a scare tool. Unfortunately every world leader saw him get dog walked in the debates and knows he’s a moron so now its unlikely he’ll be taken seriously.
We need more tariffs and subsidies not less.
Major costs for most people are housing, transport and groceries - mostly domestic products already. We’d be far better off reducing those prices first.
Realistically the US would need to import raw materials for things like electronics so for a lot of things it would just raise prices and domestic infrastructure/manufacturing would remain unchanged.