Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
I buy parts internationally for a domestic manufacturer. The parts are as good if not better than us made. They are also 50-75% less than US WITH the current 25% tariff. Another 20-30% increase isn’t going to bring it back to the US, it will just increase costs.
All that says is that we need to increase import costs 80-85% and instate a labor tariff so that the company has to pay taxes equal to a US citizen for every offshore employee.
Sure ok. Things cost 4x more. Are they going to pay us 4x more? Musk said we need to buckle down and quit spending. Spending money is the one thing keeping the economy out of a recession or depression. Can’t have it both ways.
I buy parts internationally for a domestic manufacturer. The parts are as good if not better than us made. They are also 50-75% less than US WITH the current 25% tariff. Another 20-30% increase isn’t going to bring it back to the US, it will just increase costs.
All that says is that we need to increase import costs 80-85% and instate a labor tariff so that the company has to pay taxes equal to a US citizen for every offshore employee.
Sure ok. Things cost 4x more. Are they going to pay us 4x more? Musk said we need to buckle down and quit spending. Spending money is the one thing keeping the economy out of a recession or depression. Can’t have it both ways.