Quote:
Originally Posted by NickyC
We sure do live in interesting times. Humans are terrible at predicting the future, but I don't think these high tariffs will last very long. There will be initial overreaction/panic, turbulence in the markets, but nobody will really notice anything different in day-to-day life. There will be concessions, all sides will claim victory, and it will end.
My prediction which is sure to be wrong of course.  |
Only speaking on steel and aluminum. Another 10% tariff isn’t going to stop US retailers to purchase from China consider our domestic raw material is somewhat 75% higher in cost. So what that means is government gains from import taxes while the tariff doesn’t really benefit domestic manufacturers. retailers get affected by lower demand while they are forced to pass the increase cost on products sold. End users as consumers eat shit by paying more while wages stay the same.