Tariffs are potentially a disaster. Can’t disagree with that.
But here’s another potential disaster: A country that manufactures very little of what it needs. Way back when Sam Walton started Walmart, he took pride in selling American-made products.
How many American-made products does Walmart sell these days? I looked it up. It’s less than 20%. Most of the rest comes from China.
If we’re not yet an economic colony of China, we soon will be. Teddy Roosevelt once said the worst thing you can do in a crisis is nothing. He was right.
Trump is doing something.
Strategic tariffs + less regulation + lower taxes. That just might work.
Much of this depends on the factors that go into am purchase.
If price is a consideration, China made, etc products are going to be hard to beat.