“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.
Tell it to the now dead buggy whip makers, etc.!
Will some people feel pain, due to this, through out the world?
YES!
Has this nation been taken GREAT advantage of by other nations, especially since WW II?
HELL YES!
Should this crap been fixed long ago?
That goes without saying!
Should we just continue to ignore it all and pay through the nose, with a dwindling economy?
ABSOLUTELY NOT!
Do YOU have children?
I think you don’t understand that they are the lifeblood of communities.
************
I understand.
I’m a manufacturer and your buddy is a big reason nobody has any domestic suppliers. They neglected their domestic supply chains because it was too expensive, so naturally domestic manufacturing withered on the vine.
BTW in the last two years I lost 80% of my business with one distributor to producers in Vietnam.
We had a wave of EV lobbyist/trolls over the last 5 years or so. They made the same mistake as you.