Captain Caveman
Platinum Member
Let's see if your wishes, dreams, and hopes materialize. There was tariffs before Biden.Sigh
Things are different. The last time tariffs were raised there were no tariffs previously. Now, tariffs are there and they are being raised "additionally". In addition, the inflation rate in 2017 was 2.1% and now it is at 3%, meaning that if there is a 20% rise, it would go from 3% to 3.6%, whereas the same 20% rise in 2017, would mean it would go from 2.1% to 2.4%,
You also have to understand that actions (like raising tariffs) do not "immediately" cause inflation (takes months for it to start going up. In 2018, the inflation rate was at 2.4% from 2.1% in 2017, meaning that the tariffs did cause it to go up 15%.
Last but not least, the pandemic hit and that caused inflation to soar because demand rose but supply dropped and that made inflation soar.
Now, Trump wants to raise tariffs even more than in 2017 and in addition, he is going to spend billions in deporting aliens, meaning more expensive products and less income for the government and that also means more unemployment............all inflationary events.
You understand now?
You understand now?