Quote:
Originally Posted by J1ceasar
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
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From experience, I appreciate the viewpoint.
But I also think that once many small companies are finished with their current inventory cycle, delivered prior to the tariffs, that post tariffs, many will not have the financial power to pay the import tariff, and pass all of it on to the customer, and will therefore go bankrupt.
Small businesses already have barriers to entry with oligopolies, of which most large national corporations have created with mergers and acquisitions.
The current economy is not the same as 10, 20 and definitely 40 years ago.
And for the oligopolies, they will pass on as much as they can, it will be inflationary, true, and plateau, which is how inflation works most times, jump conditions, then hold steady. . and the jump happens between everyone's pay raises and merit increases. . so we are always behind inflation, feature not a bug