Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods
Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods
The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.
Thank you Biden for saving us from affordability.
Paying high prices for everything sure makes me feel fancy, I couldn’t imagine affording stuff and looking like a total peasant!
Looking forward to splurging on the fanciest items of all -- groceries!
America / west is going to undergo hyperinflation.
2% normal? How about 10% and wages are going to continue to lag as poindexters and stat books remain suppressed. Employers use the lagging "industry standard" as an excuse to devalue their workers 8%+ a year while giving paltry crumbs claiming a simple Cost of Living raise.
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for the quip about steel aluminum, the Steel tariff won't change much given that it's just matching the tariff steel got back in 2018 under Trump, the aluminum one though is going from 10>25% reletive to the one in 2018. Neither caused hyper inflation at the time.
I couldn't find it in the article, but is it a tariff from all countries? If not then this is a useless gesture and no one will get their jobs back. The new trend is Central America for manufacturing and Eastern Europe for white collar outsourcing.
Might as well just said "cheap goods"