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The market is saturated just like craft beer scene which already flat lined/fell off. These tariffs are kicking an injured horse. It’s a terrible thing to do.
Tariffs sound great until you actually try them. Quick way to scare the entire economy into a recession.
Folks in Kentucky had experience with tariffs targeting their products in the first Trump administration. Apparently it wasn’t bad enough to dissuade them from a repeat experience … or some people just are slow learners.
Consider that damage to the American “brand” is likely to be generational. The America Firsters will learn the hard way that every action has an equal and opposite reaction – some will decide that the reaction to America First is America Alone.
From the CBO “In 2022, total family wealth in the United States—that is, the sum of all families’ assets minus their debt—was $199 trillion. Adjusted for inflation, that amount is four times the amount of family wealth in 1989. Measured as a percentage of the nation’s gross domestic product, family wealth grew from 456 percent to 773 percent from 1989 to 2022, at an average rate of about 4 percent per year.”
That didn’t happen by just selling stuff we make to ourselves.
Timothy D., nice factual stats that lead to a “common sense” conclusion. I’m wondering…. are those that profess using “common sense” really using common sense in their decisions or actions? Ummm?
AP continues the fear mongering, as usual.
The good news with the tariffs is, no one is blaming the pandemic any more.
Says the guy who is blaming the Associated press for writing the story. Trumpers remind me of Chris Ballard, who will still be blaming Andrew Luck for retiring on his death bed.
There is no good news for tariffs unless you got out of the market and got into cash to buy a lot of distressed assets at low prices. Everyone knew tariffs remained an awful idea and yet another reason to not vote Trump. You’ve yet to make it make sense.