Posted date: April 4, 2018
This is insane. This will escalate the price on everything causing a big jump in inflation rates. It will impact the middle and lower class, but not the rich. They will write off the increase on their taxes- so, no big deal to them. It could mark the end to the thrift stores. Be prepared to see your savings disappear. This is all backward reasoning. First build up our industrial base, which we don't have, heavily tax American companies doing business in China, then tariff. This is a win-win for the rich and a loose-loose to everyone else. We need to rid this government of the crazy neocons, they don't have a clue.