A Costco executive warned consumers that potential price hikes in stores could be a result of President-elect Donald Trump’s proposed tariffs.
A Costco executive warned consumers that potential price hikes in stores could be a result of President-elect Donald Trump’s proposed tariffs.
I could agree with this if there was a movement to produce domestically, then tariff imports. What I’m seeing is a tariff in an effort to drive domestic production and I just don’t see that environment being a good investment without significant government subsidies.
The US wanted more Silicon foundries so they’re dolling out big bucks to make it happen, once you’re producing domestically, you tariff similar imports to drive sales of local goods.
I mean, I’m not an expert in macroeconomics by any means, so it’s possible that I’m way off and the tariffs of cheap imports will start to drive multinational conglomerates to take a hit on cash flow and invest in domestic production. That’s a big leap of faith to take when you have a hungry nation though.
I have talked to people who think companies get the extra tariff money and that’s what they’ll use to build manufacturing locally. I really don’t get how lazy people are. They just accept whatever propaganda they’re fed.