No. of Recommendations: 4
UNJ
Had a discussion with an acquaintance this weekend about the Trump Tariff's. He's convinced that it's gonna solve all of the debt issues, including the national debt. I told him that the consumer at the end of the transaction chain will bear the brunt of these tariffs, and he tried telling me that the foreign companies will eat all of the cost.
The economists I've read in the past seem to think that small tariffs of ~10-20% on certain items won't have much of an effect, but 60-100% across the board will be extremely bad for the economy. I would think the economy would slow, and that it might have an effect on the global economy. If it slows, recession is in the offing. So the normal MAGA solution is to say that's just campaign rhetoric, he won't do that. Pretty risky.
Trump's tariff proposals are reckless and the poor will suffer most methinks.
