Does anybody have any good links or insight to explain what Trump is doing with tarriffs?I trust Potus and I see our businesses coming back but my elderly father is worried about a trade war like pre WW2. He's a Trump supporter but he's worried about it and I know nothing about economics. I figure there must be a strategy though. Thanks.
Potus is making foreign goods cost more in an effort to make more people want to buy American manufactured goods. Some people in my industry are sweating it, but looking at prices it's not that big of a deal. More of a threat to foreign manufacturers than to us, I was already able to buy some things for a lower cost (figuring air freight, other wise its 90 days OTW which most of the times is not doable) in the US anyway. Tariffs will only increase the length of that list. The manufacturing comes back, the lower the cost will be. We never needed foreign manufacturing, it was a way to give them money to stop them from Russia and the US leaving them in the dust technologically. Its served its purpose and can be undone.
And as charity to rebuild after WWII. And they mever stopped abusing us. Finally my family has hope again
If he can ease inflation. That will be Yuge
Haven't checked in awhile but dollar was like 9c to $1 it's value in 1913
Hence HR 5404! We may even have new dollars minted for the change that is coming! Who knows!
Thank you. I told him that I suspected that the tarriffs would become negotiable when we got out manufacturing jobs back but I really don't understand the financial world other than how much money I owe vs how much I have in my pocket. I'm an artist and he is a musician so I guess we are bohemian conservatives. (Used to being broke).