I really want that GAC/Toyota Bz3x for $15k!100% tariff on Chinese cars. Would like to know if they're any good. The article I read had the Australian husband ready to drop money on a Chinese electric truck after drivings his wife;s BYD.
Only 15% of our food, is imported... but sixty percent of our fresh fruit and thirty five percent of our fresh veggies is imported. Mostly from Mexico , but also other south american countries, and a bit from other sources.Look up the definition of hyperinflation and see if what you're projecting matches the definition.
We import approx 15% of the food in the USA. Part of that 15% is about to get 25% more expensive.
It's possible to change sourcing and soak up some of that price increase within a year.
We import 41% of our electronics from China; that's the part that's really going to hurt.
It will take years to soak up that cost increase by sourcing from other countries.
We import ~25% of our steel/aluminum from affected countries.
..that's also on the difficult side.
I predict that the pain level will be similar or lesser than the inflation and price gouging we saw in 2020-2022 when the government was printing craptons of money and paying people to stay home instead of produce things.
Companies have a zillion possible moves to reduce the impact of tarriffs. I would expect a short term increase on prices, with a gradual leveling off.
But it's going to cost the farmers at least 25 % more to grow that food that goes to the consumer do the mathOnly 15% of our food, is imported... but sixty percent of our fresh fruit and thirty five percent of our fresh veggies is imported. Mostly from Mexico , but also other south american countries, and a bit from other sources.
I can only speak for myself, but I'm sure I'm not alone in that I eat whatever wholesome foods are cheapest to buy, because I don't have slack in my budget for luxuries. As an example, I don't eat eggs often anymore, though they were a near-daily staple for me at other times. I didn't used to eat much beef, but now I never do. All the fruits and veggies I used to eat, that now cost $2/pound or more, have fallen out of rotation. For variety, I make up with seasonings and cooking techniques what I've lost in number of ingredients.Only 15% of our food, is imported... but sixty percent of our fresh fruit and thirty five percent of our fresh veggies is imported. Mostly from Mexico , but also other south american countries, and a bit from other sources.
Rice and Beans and a side of insectsI can only speak for myself, but I'm sure I'm not alone in that I eat whatever wholesome foods are cheapest to buy, because I don't have slack in my budget for luxuries. As an example, I don't eat eggs often anymore, though they were a near-daily staple for me at other times. I didn't used to eat much beef, but now I never do. All the fruits and veggies I used to eat, that now cost $2/pound or more, have fallen out of rotation. For variety, I make up with seasonings and cooking techniques what I've lost in number of ingredients.
I eat as well as ever now due to attentive and resourceful cooking, but I'm bracing for even my stripped-down food selection to get tighter and more expensive yet. I'm hoping most MAGA chuds are less resourceful and capable (which seems like a very good bet), so they can choose between eating garbage or going broke trying not to. They've earned it.
You want to keep divisive rhetoric out (which I agree to), but here you do it yourself in a way from my point of view:It's kind of crazy to see Canada and China having a trade war with each other also lately.
Every nation wants an excuse to collect more tax revenue while the economy is down.
What I tried to say is that your statement reads to me like ‘See - everyone is doing it. Not only Trump’. And that is not the case, as what Trump is doing (esp in the erratic fashion he is doing it) is on a different scale.Actually this is not totally true, in the last decade there's been lots of tarriff and sanction action all over. Global trade is just breaking down. I could cite tons of sources from different countries. Who is worse or better at it is beside the point.
I mean to say, tarrifs seem to be the thing du jour lately, Canada and other countries are getting in on the action and it seems to be infectious, i don't see what exactly is divisive about that. Please help me understand what you mean.