This is the only thing in relation to tariffs that I care about- China's yuan has bottomed out (worst since 2007). They're overleveraged in real estate and propping up their fake economic power, have been for decades. China (who routinely flouts WTO rules and is the worst actor on the world stage in trade) even went as far as filing a complaint over the tariffs. Very rich.
I'll take a page out of the left's book here (thanks to unfunny activist Stephen Colbert)- "I'll happily pay the increase in cost to hurt China now and in the future."
I don't care about you Temu order. I do care about the impact of folks losing their jobs, taking pay cuts, or otherwise being affected by the tariffs, cause I am an asshole, but I am not a scumbag. But with all that being said- if these tariffs are the economic dagger they're looking like, I am willing to accept some breakage and short term pain in return for an American economic resurgance and re-establishment of the gorilla in the room for decades to come.
BL-
I'll take a page out of the left's book here (thanks to unfunny activist Stephen Colbert)- "I'll happily pay the increase in cost to hurt China now and in the future."
I don't care about you Temu order. I do care about the impact of folks losing their jobs, taking pay cuts, or otherwise being affected by the tariffs, cause I am an asshole, but I am not a scumbag. But with all that being said- if these tariffs are the economic dagger they're looking like, I am willing to accept some breakage and short term pain in return for an American economic resurgance and re-establishment of the gorilla in the room for decades to come.
BL-