Trump Tariff raises the price of Washing Machines by close to $100

[tickyul]

No problem, I will buy a used one from Salvation Army or CL for something like $39.

[momonkey]

Originally Posted by Bureaucat

https://www.nbcnews.com/business/con...c-rss_20190429

Also, due to tariffs, Farmer income fell in the last quarter the most since 2016.



https://www.bloomberg.com/news/artic...trade-war-pain

Winning

Wages for the lowest tier of wage earners is currently increasing at an annualized rate of 4.4%.

In order for that $100 to matter, the wage earner would have to be taking home less than $2,273/yr.

If, on the other hand, that low-end wage earner were taking home a more realistic $28,000/yr. ($15/hr), they would be collecting an additional $1,232/yr. thanks to rapidly growing wages in the Trump economy.

[TigerLily24]

Could be even more before too long.


“Global markets plunged overnight after crucial trade talks with China appeared to collapse, renewing fears of an all-out trade war between the world's two largest economies.

Futures on the Dow Jones Industrial Average fell by over 500 points in premarket trading early Monday, with the S&P 500 and Nasdaq each sliding by 2 percent before markets opened. Chinese markets tanked by 6 percent.”

https://www.nbcnews.com/business/eco...lspin-n1002261