The only emotional response I’ve seen so far is from basically two groups.
1) People/businesses that are dependent on foreign trade, so they’re whining they have to pay more for imports.
2) Democrat partisans that want the economy to crash for political gain.
You forgot some really uneducated and naive FREEPERS! ;^)
“People/businesses that are dependent on foreign trade, so they’re whining they have to pay more for imports.”
I have a local client in the screw and fastener business. This afternoon he told me he’s asked his Chinese suppliers to hold back any orders they haven’t completed. He is expecting an order delivered in the next week for which he’ll now owe $75,000-$100,000 unbudgeted. Unlike commercial transactions, for tariffs there is not credit and no delay beyond 48 hours. He’ll need to pay cash.
There are no domestic manufacturers who can substitute going forward.
He has a small payroll, somewhere around 25-30, but if the new and unexpected tariff expense sticks he will have to either pass on the cost to customers or lay off some workers.
When you call business owners “whiners,” I think you don’t understand that they are the lifeblood of communities. They are collateral damage in this trade war and they will not be alone in sharing the burden.