In following rounds, we could raise the 10% tariffs to 20%, or put 10% on another new $200 billion worth of goods, or both. We have a long way to go to, with a $500 billion trade deficit.
China cannot keep up with this pace of escalation - and if they try, they only justify us hitting them with another round - which is likely the outcome that Trump wants anyhow.
Tariffs work.
Do you know who pays the Tariff? I can assure you in this case it is not the tooth fairy. It’s you and I.
A Tariff is just a tax on the consumer.
You want proof?
Have you purchased a pickup in the last few years? Thank your Tariff for the hlow low prices... Did you know there is a 25% Tariff on pickup trucks? Hmm, now I wonder if domestic trucks have all ready factored that pricing into their MSRP...
But hey we need more Tariffs...