No. of Recommendations: 2
That Dems don't grasp that Trumps tariffs (and tax policies) will be selectively applied to move trade, manufacturing jobs, and security issues for the benefit of the USA.
Your spin was that massive tariffs, all at once, on everything which would be very bad made for nice scaremongering to win votes but once again failed to understand the nuances that mattered to Trump supporters.Has he said how they would be "selectively applied", for those who like to go into the nuances (which I imagine is not many on either side)? Or is this another "concept of a plan"? "Selectively applied" to favor his buddies?
pbs.org - Trump favors huge new tariffs how do they workThis time, he’s gone much further: He has proposed a 60% tariff on goods from China — and a tariff of up to 20% on everything else the United States imports.A tariff on all imports. That's what I was referring to. That means higher prices on imports, and that will translate into higher prices on non-imports as well, unless you think American businesses are more benignly-minded and won't try to capitalize on this opportunity.
It's being reflected in the bond markets today.
reuters.com - Yields soar trump win stirs bond vigilantesU.S. Treasuries fell sharply on Wednesday, propelling yields to multi-month highs as Donald Trump's presidential election victory ignited bets on economic policy shifts that could boost deficits and inflation.
