The silence by Xi Jinping is driving Trump crazy. So crazy that he has to resort to lying. He is still in delusion, claiming that China will have to eat the tariffs. Where did he get all his feedback and who is advising him?
Walmart was reported to have instructed Chinese suppliers to resume shipments, which means that they are paying those tariffs to keep their outlets functioning instead of closing, but whether it will absorb those tariffs or pass some on to USA consumers is yet unknown. Absorbing the tariffs of 145% is definitely out of the question.
Amazon, if I am not misleading, was also coming up with a new measure by displaying the price of the goods and showing separately the tariffs being added. But after Bezos had a talk with Trump, and under pressure I would assume, is now not going to display the tariffs separately. That displaying of the tariffs may shock buyers I think, with the tariffs being possibly more than the price of the product and is a way of telling customers that they are paying the tariffs, not China. So, China is really not eating the tariffs, as these two giant importers of Chinese goods are already blinking on Trump's behalf. And Trump, in honesty, should already know that China is not eating those tariffs instead of still lying about it.
In the face of the tariff war, UPS is cutting 20,000 jobs and closing delivery outlets after facing fewer deliveries for Amazon. I guess others like DHL would be facing similar problems now. The chain reaction is moving across the whole USA economic landscape. Loss of jobs means more unemployed, which means lower consumption spending, which means less business for others like food and beverage, which again means more job cuts, and which may even mean more homelessness. The cycle is getting vicious by the day. Yet, with all the so-called experts and advisors in the Trump administration, no one sees the train wreck approaching.
Anonymous
4 comments:
Not at all, if no more goods are coming from China, therefore no tariffs can be collected or added to nothing. From May onwards, we shall see some fun. Trump says this is only temporary and tells his base to just 'hang tough'.
https://youtu.be/KlXl5bRgVHs?si=DobfjfvCMYyLo4BT
First one Get them while you can 20 items that will disappear
And All Shelves be EMPTY
Americunts have to wipe their Arses with Dotard Tramp's face on their Propgranda Newspapers
https://youtu.be/YXkWbhAQK5c?si=JMbrTT1GOUm7Hy3U
All Americunts ports are EMPTY
Third Luxurious Branded names.bags etc are scorned.
Most of not all their stores closing down
Real Retributions indeed
Tariffs are so easy to win, just like trade wars. Gloating is equally easy, but facing up to the unplanned consequences is not that easy. No plans, no strategy, no failure projections, just empty farting is not a solution.
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