If you're not going to buy your TV or stereo or an import car in the next 5 years tariffs really do very little to be worried about.
By the way do you know that the US sells 40 billion of food to China or China only sells $4 billion dollars of food to us.
Just as important as as tariffs are the incremental barriers that governments place on imports of products such as overly cautious inspections for foodstuffs or chemicals, just one example is that the FDA took 6 months or a year longer to approve coated stents, while they were approved in Europe. I know this because I had them when I had my heart attack many years ago and my heart doctor was surprised I had them.
You're not going to be flying on a chinese-made plane in a long time either because the FAA has not decided to allow the China aeronautic to fly in the US.
I'm just quoting some of the things that governments do. Has another example the other foot is that Australian is not allowed American chopped meat into their country while they sell 20 billion of meat to the US.
By the way I've been in importer from China for about 40 years so I think I know a little bit of what I speak.
This is probably also going to kill at least a few hundred billion of business for wholesalers and employers as well as make it a lot more expensive for the average person when they go shopping in Walmart. Everyday item is that average people buy such a sneakers or green beans may go up things like jeans t-shirts etc it's going to take one or two years for factories to relocate to places like Vietnam and Malaysia the other decided to only give 0% import tariffs to the US.
Just my two cents
|