'Bullshitter' or 'fraudster' the voters honestly do not
understand its meaning. They do not even understand how tariffs are
going to affect them, so it is not an issue. As long as Trump is able to
get them drunk with 'Kool-Aid', everything is going to be fine. Until
they start to wake up.
Some are starting to wake up now, but too little too late as to what to do with what is coming.
The
first sign of distress is out now with Walmart warning of escalating
price increases. There will be a big buying rush by shoppers this
Christmas, undoubtedly, to stock up before D-day. But it is going to be a
four year long price increase and how much can they hope to avoid. And,
as you know, Trump is undoubtedly going to take credit for escalating
retail sales even before he takes office.
The trouble is, the
USA does not produce any consumer goods right now, and erecting tariffs
is just putting the cart before the horse. Tariffs are meant to protect
domestic manufacturers, so they can compete with imported products.
Without domestic production, what are the tariffs protecting against
really? EVs are not even a big Chinese market in the USA to talk of.
Trump can increase tariffs to 200% and Chinese EV manufacturers will
just continue to increase production to sell elsewhere at the same
price, tariff free.
Anonymous
3 comments:
Trump is threatening BRICS countries with 100% tariffs if they move away from the US$. Is this a rhetoric or a game changing move? Why not just use sanctions, the modus operandi used by the USA in most cases? The fact is that sanctions have never been known to succeed. Countries like Cuba and North Korea have gone through decades of sanctions and have yet to collapse. The biggest failure that we have seen must be sanctioning Russia and now backfiring badly on Europe, benefiting China most of all. Some say the 'Mother of all Failures' will come when the USA starts sanctioning China. Let us see.
If the threat of 100% tariff is just rhetoric, that is what Trump does best and getting away with it. Trade wars are easy to win, right? Trump also gloated that tariffs are the best invention of mankind and easy to win as well, which Trump is going to use against others now. Trump talks as if tariffs are his personal weapon to use and that others are prohibited to use it. Good luck to him.
In the face of all this development, the surprising thing happening now is Putin warning Trump to be careful and watch his back. What are good friends for? Three or four assassination attempts against Trump are not going to be the last we will see. Unless they are false flags to raise Trump's standing.
If the threat is meant to be a game changing move, I believe China and others are not peeing in their pants. Not many countries are manufacturing for the USA market alone. The real victims of Trump's threat will be the USA citizens, being punished with more expensive consumer products due to the tariffs. Chinese manufacturing will continue to turn out US$30,000 EVs (or as low as US$4,999), cheap solar panels, steel and aluminum and other essential metals whether tariffs are imposed or not and will continue selling them without tariffs to the rest of the world. I believe those in the Global South will be happy to hear that. Cutting off cheap Chinese products will make life difficult for them.
Moreover, EVs are not sold widely in the USA at present, so China's EV makers are not going to collapse tomorrow. Trump can keep increasing his tariffs to 200% just to hit USA citizen's pockets, that is all.
What can you expect from inbred rednecks? They'll jump off a bridge if their prez tells them.
Anything to punish China and the supporters will clap and cheer. Hope they keep cheering when the shit hits the fan. Then it will just be shit hitting them on their own stupid faces.
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