Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
Those prices entirely rebounded by the end of 2019. Thats how tariffs work. It became more expensive to import, companies slowly replaced imports with cheaper local goods, the cost settles.
There are surely instances where it didnt rebound entirely but thats not one of them.
That doesn’t change that putting the tariff in place was a stupid idea that didn’t help anyone. Rebounding after the removal of the tariff doesn’t undo the damage done while it was in place.
And even if they did, they still did more damage to everyone else than any small group of people they may have helped. Which is still reason enough to say that it didn’t help anyone, because, as a group, the country was worse off with them in place.
Those prices entirely rebounded by the end of 2019. Thats how tariffs work. It became more expensive to import, companies slowly replaced imports with cheaper local goods, the cost settles.
There are surely instances where it didnt rebound entirely but thats not one of them.
That doesn’t change that putting the tariff in place was a stupid idea that didn’t help anyone. Rebounding after the removal of the tariff doesn’t undo the damage done while it was in place.
Didnt help anyone? You can’t think of a single way it might have helped?
Overall, no, I do not believe they helped anyone.
And even if they did, they still did more damage to everyone else than any small group of people they may have helped. Which is still reason enough to say that it didn’t help anyone, because, as a group, the country was worse off with them in place.
Am I one of the people damaged by higher washing machine prices? How would I know?