Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
Major costs for most people are housing, transport and groceries - mostly domestic products already. We’d be far better off reducing those prices first.
Realistically the US would need to import raw materials for things like electronics so for a lot of things it would just raise prices and domestic infrastructure/manufacturing would remain unchanged.
Major costs for most people are housing, transport and groceries - mostly domestic products already. We’d be far better off reducing those prices first.
Realistically the US would need to import raw materials for things like electronics so for a lot of things it would just raise prices and domestic infrastructure/manufacturing would remain unchanged.