As far as I'm concerned one of the most dangerous, reckless, and poorly thought out policies that Trump has proposed, are even higher tariffs on many classes of imported products.
Who ends up paying for this? American companies who are manufacturing in China, and the consumer, that's who.
In the end huge taxes may encourage companies too pull out of China, which is a good thing, but how long will that process take, and what will the economic consequences be in the interim?
If he enacts his import tariffs as promised it could spell disaster for the American economy. It is nothing but a massive tax hike on the American People, and could have a very negative impact on thousands of American companies that manufacturer overseas, without any true understanding of why they manufacture overseas.
Trump manufactures overseas, every opportunity he gets, to save money. Bibles, baseball caps, and likely countless other things. So, calling him very disingenuous would be an understatement. Trump is not a socialist. He is a failed capitalist. It is fairly easy to get wealthy if you are willing to steal most of your fortune from unsuspecting small contractors. Yet he still went bankrupt. That requires a special kind of skill. Or another form of grifting.
His tax hike proposals would end up being a disaster. If they were highly targeted tariffs, only imposed upon goods other states were subsidizing, making it impossible to compete, that makes sense and would be good policy. But, blanket tariffs end up being punitive for the American consumer and American companies forced to operate overseas due to the silly costs of manufacturing in the US. They are a tax.
Trump lies when he says other nations will pay for them. He lies when he says companies will pay for them. Consumers will pay, so it becomes a tax. Be bold, big Don and for once be honest. It is a tax hike. And it could slow down the economy and result in a massive loss of jobs, and major inflation. Very dumb policy.
On the day you pickup your new EV at the dealership they will update your brain "to think EV"...it pretty much overwrites most of your ICEV thinking. Here's a picture of me getting my update at my BYD dealership when I picked up my Atto 15 months ago.
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