And higher tariffs translate to higher prices for American consumers. Martha Gimbel of the Budget Lab at Yale takes an imaginary walk through a big box store to look at how much more people might pay for t-shirts, rice, medication and other staples.It goes on to give scary percentages like 45%, but not how cheap this stuff is already.
I pay about $0.10 per serving for rice, and about $4 per t-shirt. These prices are small compared to trips to fast food restaurants, car maintenance, and many other common expenses.
I am not referring to sale prices either. Regular prices for quality rice and t-shirts at those big box stores.
Not that I like being taxed, but government spending is out of control, and we all pay for it somehow. I am not sure tariffs are any worse than any other tax.
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If the argument is going to be: We will never be able to afford things unless we ship all our manufacturing and industry to China.
Then I'm going to say: I guess we will be able to afford less stuff, except we will ALSO have manufacturing, Industry, and JOBS in our country with people earning money...versus sending it all overseas to military build ups in totalitarian regimes that shrug at outright slavery and dream of conquest...while dumping vast amount of toxic waste into the oceans so stupid idiots can talk about zero carbon goals domestically. America has been bleeding out financially for decades while importing large amounts of poverty and crime through open borders. It has not been a winning combo.
As wonderful as it seems to have unlimited cheap stuff, it isn't so wonderful when you realize no one has a job to pay for it, and the people who are selling it wish you harm. The government we are in bed with financially in China is also the same precious organization that unapologetically produced Mao Zedong. America doing business with this government is like saying, 'Yeah Adolf was a real bummer, but hey, even though the Nazis still want to destroy us, they aren't such bad business partners.' ...I'll take a hard pass.
Sleeping with the devil is not a winning strategy, even if he gives you a discount.
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