Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
There isn’t a competition in the market between Malaysian washing machines vs Chinese washing machines, in reality the tariffs will affect Chinese goods mainly, and any industry will raise prices to pocket the difference as we saw in the above example. It was more than just a single appliance that raised the prices.
If you’ve got no idea then why argue?
There isn’t a competition in the market between Malaysian washing machines vs Chinese washing machines, in reality the tariffs will affect Chinese goods mainly, and any industry will raise prices to pocket the difference as we saw in the above example. It was more than just a single appliance that raised the prices.