Seems like Trump uses tariffs as some magical thing. The entire idea of tariffs is to raise the price of imports for the purposes of protecting a domestic industry. Practically nothing walmart sells has an equivalent of being made in the US so I have no idea who they’d be protecting here.
Consumers aren’t gonna be happy when all their Amazon and Temu no-name made-in-china garbage becomes dramatically more expensive.
The reality is that practically everything consumed in the US is made in China or sources components from China. What the tariffs mean in practice is that input costs are going to go up across the board making everything more expensive. Given that huge numbers of people are already living on subsistence wages, they don’t have much room to absorb a sudden cost of living increase.
https://edconway.substack.com/p/globalisation-is-a-far-far-bigger
When the war starts, we will see what economic disintegration means.
The west is absolutely not prepared for a war with a peer adversary even if there was any logic to it. Unfortunately, I suspect that our glorious rulers would rather burn the planet down than accept that their hegemony is now over.
I bet Temu items won’t be tariffed. Directly mailed things are not always detected or declared.
Not only no-name garbage: the whole gamut of quality all the way up to the some-name high-end.
