If the national news weren’t deranged, this would be the top story on every channel. The neverending effort to smear Trump as a bad orange man only impacts Democrat voters because it’s all about keeping their spirits up, not informing or educating.
Changes to the prices of things nearly all Americans buy each day, and the impact to millions of jobs across the nation, even if it’s a temporary blip in pricing or production, or quarterly earnings revisions across industries is much more significant.
Changes to the prices of things nearly all Americans buy each day, and the impact to millions of jobs across the nation, even if it’s a temporary blip in pricing or production, or quarterly earnings revisions across industries is much more significant.
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Hmmm...did you see that in the first round of China tariffs (to 25% & 10%)? No you didn’t, China swallowed the costs. You also won’t see that in the increase of that 10% portion to 25% on Friday. The low labor cost “ticky-tack” products (all the non-durable crap we get from China in trade/exchange for many, many billions of hard currency dollars). That crap falls apart and/or is thrown away quickly but the hard dollars remain in China’s hands. Production of such ticky-tack output can be (and is being) sourced from other countries such as Vietnam.
To avoid paying the China Tax, Americans can buy products sourced else where. When that is done, the tariffs bite because to China, the sale is lost.
If Americans pay the China tax, China merchants still get the sale and the trade imbalance continues