3 ms·
I'm not really surprised. Most things most people buy most often (food) is largely domestically produced. It also takes a while to fully affect supply chains
by tracker1 1y ago
I'm not really surprised. Most things most people buy most often (food) is largely domestically produced. It also takes a while to fully affect supply chains and the announcements were well ahead of the actual tariffs. Beyond this, we trade with a lot of countries that aren't china, where 10% isn't that hard to split the difference between margins and consumer pricing.
Some products either are/were or just starting to see the effects. Another month or two and there might have been some interesting changes. Personally, I'm mixed as I've thought for a long time that tariffs would be better than income taxes. While a $3000 iPhone example may seem really bad, it's not something people should be buying every year even... Appliances used to measure their lives in decades and people expected that. Heavy tariffs may have reset those expectations a bit, and given room for more domestic options with time.
I was pretty sure it was mostly about taking an obscene position in order to negotiate to something fair. If you start off negotiating from a "fair" position, you will lose in the end.
Just my own take.
- suraci 1y ago[flagged]