I think that they're a good thing and I don't think that they will rekindle inflation like this article talks about if America gets motivated to start making their own products again? I shop on Amazon all the time and I always avoid all products saying that they're being shipped out of China because they're in such poor quality.
As the Left have said, tariffs will be the death of us all! Thing is, if the democrats are against them, then there MUST be something good they are not telling us.
Last time Trump used them, I don't remember my living expenses going up $4K a year as the Left warns! In fact, I don't recall any impact on my life at all. Used statically as the Left would claim, tariffs are like a tax on trade paid by the end user, but that is not how Trump uses tariffs---
Trump intends to use them dynamically as extortion to blackmail China into trading FAIRLY in order to AVOID them. What this means is that they take a LOT more of our exports in exchange for what WE import from them! This would have an immediate benefit to our economy and internal production!
But what if China refuses? Well, they can't. Trump is putting the screws to them. That is why Xi is so torqued at getting Trump back into office. If they refuse, trade effectively stops and THEIR economy suffers badly. They would not be able to sell their merchandise in our country, their main importer. We move onto something else. Now we have the impetus to begin just producing the stuff here at home and in better quality. Jobs and industries are created and we benefit. Further, while costs would go up, so would the economy and standard of living offsetting it.
So it is really a win-win for us in the long run. That is where the blackmail comes in. To avoid that, China has no option really but to open trade up more with us and start accepting more imports from us at the expense of their making it for themselves. In the long run, the benefits outweigh the expense in that trade markedly rises, manufacturing goes up, jobs are produced and the standard of quality and living go up to more than offset the street cost of goods.
Like a river of water, the fewer impediments there are to the flow of trade, the more EFFICIENT an economy becomes. And anytime you remove friction from any system, it operates better, producing more output for a given input. Right now, China has the system gamed for THEIR maximal benefit at our expense.
So why don't other politicians do this? Because like Joe Biden, they are BRIBED into making sweetheart deals which heavily favor China. But Trump cannot be bribed--- he does not need a new mansion on Rohoboth beach. This is why Milley must be tried for treason--- he is part of their global hegemony which puts foreign interest equal to or ahead of our national interests. The entire world is finding that with Trump back in office, they are all going to have to work a lot harder to suit US, while expecting a lot less in return--- we hold all the cards. The economic load becomes more EVENLY distributed around the world. The time of America being the butter and bread for the rest of the world making life easier for THEM at the expense of the American worker is soon coming to a close.
So why don't democrats celebrate this? Because they have all been baited and bribed to PREVENT it for China's benefit. By Trump violating their deals, they no longer get "rewards" which they have all been getting rich on. No wonder democrats are all bleating like wounded sheep.
The entire world depends on us for many things including our CONSUMPTION, and Trump is about to raise the bar of what he expects in return.
www.newsweek.com
