(January 14, 2022 at 5:28 pm)Fireball Wrote: I'm amused when people praise the chump for the tariffs on Chinese goods, when I explain and it finally dawns on them that they are paying the price. smh And the tariffs won't do any good, since the infrastructure is now in China, and nobody wants to risk the billions to re-make it here.
The tariff is a national sales tax. It also disrupted supply chain, especially for electronic components. (It was a bitch just finding capacitors.) Which is why the tax break didn't boost GDP growth above Obama era peak, before falling off, then tanking.
