Normal
I have a little different take on the tariffs. Firstly, it is not a tax on China it is a tax to be paid by US consumers at the higher product prices.Yes the higher prices will give more incentive for local manufacturers. However, most of those production facilities are no more, some having been located to other countries, some closed permanently or some lying around in disrepair. Consequently, it could take some years to gear up industry for domestic production. In the meantime the higher prices which need to be paid for those products will add to inflation and increase the cost of living problem.
I have a little different take on the tariffs.
Firstly, it is not a tax on China it is a tax to be paid by US consumers at the higher product prices.
Yes the higher prices will give more incentive for local manufacturers. However, most of those production facilities are no more, some having been located to other countries, some closed permanently or some lying around in disrepair. Consequently, it could take some years to gear up industry for domestic production. In the meantime the higher prices which need to be paid for those products will add to inflation and increase the cost of living problem.
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