Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: BeauBo

Yes there is a lot of never Trumpers out there talking about how tariffs are taxes on Americans, yada yada.

Maybe some are right that it comes at an economic cost - in the short term - but there is a long term problem to fix. Not to mention I see China as America’s number one geopolitical foe.


18 posted on 08/21/2019 1:33:33 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Sam Gamgee; BeauBo
From the excerpt:

CEO Craig Menear said the tariffs on Chinese goods are projected to have a “cost impact” on U.S. sales of about 2%, or $2 billion. With suppliers moving at least some of their manufacturing outside of China, that reduces that impact to roughly one percentage point, executives said.

Now, I don't know how well HD's experience compares to others, but, HD buys a lot of products across a fairly wide spectrum, so I suspect their costs are typical. If so...

ONE PERCENT??!! That's a pretty darn acceptable cost (or "tax", if one insists), to begin fixing a major long term problem, and slow down, as you point out, possibly our #1 geopolitical foe. Moreover, the tariff money gets kicked back into our economy -- much of it not as effectively as if it had remained directly in consumers' pockets, but, it's not like it just disappears into a black hole.

*I think it is arguable that radical / fundamentalist / traditional Islam is our #1 foe, but, they are disorganized and fairly easily turned on each other.

39 posted on 08/21/2019 8:20:57 PM PDT by Paul R. (The Lib / Socialist goal: Total control of nothing left worth controlling.)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson