Good morning All
Simply put whether a country imposed the Tariffs or taxes on the goods that they supposed to tariff can do without it.
No one be the wiser.
These
Tariffs are just threatening hot airs to frighten the sellers countries
to browbeat them that their products won't not be able to sell as good
if their prices are too high for the consumers.
After all these extra taxes goes into the Government coffers.
Only desperado governed that needed these cash would implement them.
But
the downside is that their own masses are been paid and burdened and
could caused inflation and unhappiness and shall be a political cause.
China
for example can simply waived their threatening Tariffs in their
imports as they wanted to have their cost of living for their peoples
low.
They could afford it as they are already flushed with cash.
Also they would not want yo burden their own masses.
For
the luxury items that are essentially not a must for their peoples
liviehoods for example the liquor, the branded luxury items they could
implement the Tariffs.
One stone kills all birds. This could
subject their own to spend less on these not necessarily used items and
at same time hits the sellers that their goods are not selling as much.
Then the sellers would vented their anger on their own Government for causing all these lost of profits.
In the end Dotard Trump and his Asses shall face the Wrath of their own masses.
Cheers
Virgo49
1 comment:
Fear Over Trump Tariffs Sending Americans Into Debt, Study Shows
One in three Americans are stockpiling daily necessities like toilet paper and non-perishable food out of fear that President-elect Donald Trump’s pledge to add tariffs to imported goods will lead to higher prices, according to a new survey.
Some 34% of respondents said they are stockpiling items because they are “fearful or uncertain about the future,” according to a December report from CreditCards.com, which publishes information on credit cards and financial literacy. The organization in late November surveyed 2,000 US residents.
Overall, the majority of respondents said they would use credit cards for some or most of their purchases this holiday season, with three in 10 planning to go into or take on additional debt.
Of the 30% of shoppers that said they plan to buy more than usual this holiday season, the top reason was fear of rising prices due to tariffs, cited by 39% of those spending more.
Trump has repeatedly said he will impose tariffs on foreign goods, vowing an additional 10% levy on products from China and 25% tariffs on all items from Mexico and Canada. Economists have warned that tariffs will likely raise prices on gasoline to lumber and send domestic inflation higher.
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