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Originally Posted by Busty2
The tariffs are hitting everything, even beer prices are set to go up due to the Aluminum tariff, not a lot but, if you drink like a neighbor of mine it adds up.
I was about to place an order with a company here in the USA for some machinery i need. I received an e-mail stating that the cost would be $125,000, If i purchase (in stock items) before the 6th July 2018 after that the cost goes up to $150,000. That extra $25,000 would decimate any savings from the recent tax cut ?
#ThanksChump!
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The problem with Trump starting a trade war is that he has no control of reactions to what he initiated. he felt powerful being in the position to start something but he can't stop it, that power belongs to everyone who retaliated in response.
Trump thinks that if he pulls back on a particular tarrif because it's decimating one of our industries, that the other country will automatically pull back. But they have the power to stop, not Trump, so what is Trump going to barter to get them to stop? Weakness. Sucks
Inflation is already high. The feds have raised interest rates 5 time in 18 months. Obama raised the rates once in 8 years and lowered them 12 times. Wages are stagnant. The price of everything has gone up. Businesses aren't expanding because of fear of the results of the trade war. So that tax money they got they're holding on to it. Or if they're like you they're buying fireign goods before the trade war hits which is going to increase the trade deficit even more this quarter lol Nothing is trickling down to citizens. Fucked