Fake news. Yawn.
If that is true, then why aren’t all the other countries who levy a tax on our imports in competition to get rid of their tariffs? Are the other countries in competition to build up their negative trade deficit? Are the other countries incensed that the United States has the largest trade deficit?
It’s Econ 101. These tariffs will hurt the consumers.
I am quite supportive of the tariffs and, frankly, very much see them as a tax increase. I have no problem with that particular tax increase.
So, comparison shop.
I’m perfectly fine with buying American products. Our stores are far too rife with Chinese-made crap.
The tariffs haven’t been fully laid on. The middlemen marketers have increased prices on product already in the pipeline from pre_tariff days.(kind of what happens to oil prices when some war threat arises in the Mideast that never materializes; the oil had already been pumped out at a pre threat price but the prices are raised to take advantage of the fears of scarcity).
There is a way around it.
Don’t buy the product being tariffed. Or start making it domestically.
A local craft brewer came on the news saying that he was going under because of the tariff on Aluminum. You can buy Aluminum domestically, and the tooling exists to make kegs and cans.
The article is broad to the point of meaningless.
There was no citation of a specific harmonized tariff item that was actually tariffed for a specific country.
Washing machines were cited but the tariff was restricted to korean washing machines. Such a narrow action should have no effect on washing machines across the board.
Some of the tariff will be born by the US consumer. Some will be born by the US importer/retailer. Some will be born by the Chinese manufacturer. On the flip side, 100% of income tax, corporate tax and sales tax effects 100% of the US. Additionally, the entire GDP (including the labor salary) stays in the US vs only a portion of it (the upcharge) with imports. No taxes are good taxes, but tariffs are far better than other taxes, other countries have these tariffs and several are quite hostile in general (IP theft, etc).
So there is an admission that taxes raise prices and add to inflation.
I will concede they even create more jobs. But what type of jobs do you get with tariffs vs taxes...……………..
Sounds good - now we can start PRODUCING stuff ourselves.
THE ENEMY of the American people IS the media ..WE NEED TO CONTINUE DRILLING THAT INTO the minds of the American populace!!!! My God if I were only rich I would rent billboard space and slap that on it!!!
Trump’s tariffs are negotiating tactics.
Relax and make money trading the volatility in the VIX.
WSJ = propaganda.
There will be pain, but China has taken advantage of the U.S. for years now. It’s time to even the playing field.
Folks...BUY MADE IN AMERICA. Support American workers, American businesses.
Tariffs are an economic form of warfare. What the US is doing now is fighting back. The alternative proposed by so-called “free traders” is to surrender.
Of course, you're anti-Trump crap is always so obvious.
Just another reaganaut1 anti-Trump Fake News hit piece.
Let’s hear about the ripple of vehicle and EPA regulations.
I have enough Chinese stuff, I can wait for the market to stabilize.