Been sourcing from China for 20+ years. Agree with the author 100%. Since 2001, a massive transfer of wealth from the West to China has happened. A strong country, like USA needs a strong industrial base, just relying on the service industry won't do it. However, 10% or 25% tariffs are not enough to make the made in USA products competitive against made in China ones.
NAFTA was a disaster for most Americans. Standard of living really declined from that time. Maybe these tariffs really will improve life for the American people? Thank you for the explanation.
Thank you uncle Rich for such a good explanation 👍👍
Been sourcing from China for 20+ years. Agree with the author 100%. Since 2001, a massive transfer of wealth from the West to China has happened. A strong country, like USA needs a strong industrial base, just relying on the service industry won't do it. However, 10% or 25% tariffs are not enough to make the made in USA products competitive against made in China ones.
Very fee people can explain things this well not just economy but also culture.
Love from India, Rich!
Basically as long as you can live on borrowed money it's wonderful for everyone. When the musical chairs stops we reach where we are now.
NAFTA was a disaster for most Americans. Standard of living really declined from that time. Maybe these tariffs really will improve life for the American people?
Thank you for the explanation.
Kamala would have never comprehended this
Trump hurts the stock market that’s all I know. He did it last time as well. I’m losing $$$ me not happy.