No western media or Channel News America boys and girls would be asked to question such an issue. Either they all believes that the American economy is rock solid, has a lot of depth and its strength cannot be underestimated, or they were not told to write about it.
Paul Krugman has said inflation would kill off the American economy when Trump starts his anti immigrant policies to remove the illegal and legal immigrants. With the depreciating value of the dollar, the high inflation was, in a big way, alleviated by the immigrants doing the low level jobs to keep cost of living low. When American businesses cannot employ cheap migrant labour, the cost of labour for businesses must go up and directly affect the cost of living and inflation.
Can the average Americans survive a runaway inflation with so many policies and factors that are going to drive inflation sky high? All the sanctions against China would only push the prices of essential and 'good to have' consumer items up. The Americans have been quietly benefiting from all the cheap and good Chinese goods made easily available to stretch their diminishing income and value of the dollar.
The combination of high prices caused by sanctions and tariffs on Chinese goods, and the shortage of cheap immigrant labour would be a double whammy on the cost of living, with prices of goods and services going against the interests of the average American households.
How is D grader Trump going to navigate through these hurdles created by him in his trade wars with China? Trump is digging a big grave to bury all the average Americans in. Instead of thanking China, be grateful to China, and also the millions of cheap labour from the illegal and legal immigrants, Trump is going to choke these two major contributors that kept cost of living low or at least bearable.
Trump did not win his trade war with China in his first term, and not in his second term. What is sure to happen is high inflation and high cost of living for his loyal supporters. Hopefully they are able to live with it or can afford the high prices of everything that China produces or their substitutes if they could find any.
Trump is good riddance to bad rubbish.
PS. Posted this in the morning but it did not appear at the top.
4 comments:
Good afternoon All
Canada and Mexico going to install their Great Walls soon instead of UAssA.
Dotard Trump shall boast there I told you the Wall gonna be paid by Mexico as I said in my First Term of Office.
Why now these two neigbouring countries gonna built their Great Wall?
Because soon in Jan after this Dotard takes office the Hillbilies Americunts shall start flocking to their next door Canada and Mexico for their groceries and Gas
Also some may even migrate there permanently.
His damn idiotic 100 to 200 % Tariffs gonna bankrupted their own Americunts.
At least now one of his hot air promise came true that Mexico be playing for the wall.
One stone kills two birds.
https://youtu.be/3gFVmVo_dmw?si=epTseXZGMXPu7RIY
High costs of livings and inflation gonna hits the Americunts
Trump gloated that Mexico is going to pay for the wall. He lied because it turned out that USA taxpayers are paying for it.
Now, Trump is lying to his voters his voters that China is paying for the tariffs on Chinese goods. We shall see who is going to pay for those tariffs. It certainly will not be China.
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