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It was all fun and games until it hits WallyWorld. Shake it off, you can cover the added costs with all that cash you're saving from Trump's tax cuts, right? Right?
OKay...
The correction had to occur now with a booming economy or later when the Democrats get power back and make you their impoverished property.
Substitute " Target" for " Wal Mart" because they and every other retailer are in the same boat. If less food comes from China, that's a definite plus. And less dog treats is a win/ win for everyone. I had three dogs poisoned by jerky treats from China before we caught on. Any economic damage Trump can do to China should be applauded.
Substitute " Target" for " Wal Mart" because they and every other retailer are in the same boat. If less food comes from China, that's a definite plus. And less dog treats is a win/ win for everyone. I had three dogs poisoned by jerky treats from China before we caught on. Any economic damage Trump can do to China should be applauded.
It was all fun and games until it hits WallyWorld. Shake it off, you can cover the added costs with all that cash you're saving from Trump's tax cuts, right? Right?
Walmart's profit margin is only 3.1%, so no... they can't just absorb the added costs.
The obvious question is WHY does the middle class and below even buy Apple or Android products when by doing so they're quite obviously just voluntarily giving them excessive profits out of their own pockets?
There seems to be a perception by many Trump supporters in this thread that the China tariffs are intended to be permanent. Otherwise, why think that manufacturing jobs will return to the U.S. and the U.S. businesses will expand? All of that would collapse and perhaps those businesses go bankrupt when tariffs are removed.
It makes no sense for Trump to try to negotiate with China if he intends the tariffs to be permanent. There’s no point. Why would China give up anything if they received no benefit (removal of tariffs) in return?
You might argue that Trump would prefer to make a deal but would settle for permanent tariffs. However, Trump can’t guarantee permanent tariffs. Heck, he could be voted out of office next year.
I can’t see U.S. businesses gambling by building new factories or expanding when they know they wouldn’t be competitive without tariffs. The future is too uncertain.
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