Trump raised Tariffs on China in 2017 and for the past 4 years, he has stated that if reelected he would raise tariffs on China even more (60% or more). He reinforced that view recently in August, 2024.
Economists across the board have stated that such a tariff increase would make inflation soar. Nonetheless, Trumpers have pooh-poohed those predictions as being biased against Trump.
Well, here is one predictor that we ALL know and mostly respect, for the simple reason that we all shop there as it is a company that generally offers the lowest prices for products, meaning that if anyone knows about pricing of products, this company knows:
Do you now believe and understand that what Trump has promised to do, will make our lives more difficult without accomplishing much benefit?
It also needs to be clearly understood that if Trump by any chance changes his mind, it will mean a promise that he made 8 years ago (and he did keep) and has made it again for this term, will become a broken promise. Is Trump's caring for Americans greater than the pride/ego for himself? I don't think so.
If he doesn't change his mind (most likely scenario), we all (including his supporters) will suffer the consequences.
What do you prefer he do?
Trump’s Agenda: Tariffs
While campaigning for a second term in office, President-elect Donald Trump declared “tariff” to be his “favorite word” and “the most beautiful word in the dictionary.” He regularly said he would use tariffs to raise federal revenue and increase jobs and manufacturing in the United States.
For example, at an August campaign rally, Trump suggested broadly placing tariffs on imports from overseas, saying, “We’re going to have 10 to 20% tariffs on foreign countries that have been ripping us off for years.”
In addition, in February, when asked in another Fox Business appearance to confirm a report that he was considering a 60% tariff on imports from China, he said, “No, I would say maybe it’s going to be more than that.”
Economists across the board have stated that such a tariff increase would make inflation soar. Nonetheless, Trumpers have pooh-poohed those predictions as being biased against Trump.
Well, here is one predictor that we ALL know and mostly respect, for the simple reason that we all shop there as it is a company that generally offers the lowest prices for products, meaning that if anyone knows about pricing of products, this company knows:
Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will
Arkansas-based Walmart, the world's largest retailer that traditionally has catered to working-and-middle-class Americans, warned the President-elect's plans to hike import duties across the board will be felt by everyday consumers. "Tariffs are going to be inflationary, there is no disputing that," Walmart finance chief David Rainey told FOX News on Thrursday.
Walmart finance boss Rainey said the massive retailer would do its utmost to cushion the blow—but pain was innowevitable. “We’re going to work with our suppliers as well as our own private brand assortment to continue to try to bring down prices for customers,” he told Fox News. “But we’re not immune, and tariffs will be inflationary for customers.”
Do you now believe and understand that what Trump has promised to do, will make our lives more difficult without accomplishing much benefit?
It also needs to be clearly understood that if Trump by any chance changes his mind, it will mean a promise that he made 8 years ago (and he did keep) and has made it again for this term, will become a broken promise. Is Trump's caring for Americans greater than the pride/ego for himself? I don't think so.
If he doesn't change his mind (most likely scenario), we all (including his supporters) will suffer the consequences.
What do you prefer he do?