you are going to get a range of answers highly politicised depending on which side of the aisle the person is on.
frankly in trumps eyes, companies tarriff american goods when we sell there, ie you want THEIR product, then pay 50 percent more.
yet they can pour their goods into america and sell like crazy and not get charged an extea dime to do so.
he, and many other Americans do not think that is fair.
he wants to level the playing field, you want to charge 50 percent more for american products to dissuade people from buying them, then we can do the same for your product.
yes there will be some pain, personally i think its a good idea, it has cost america a bunch of money and jobs. Many outside don't see it, or even care, because it's not them getting smashed by it. Now they are getting a taste of what the american manufacturer is up against.
personally, while the theory is sound, I am no sure how well, if i have a 20 percenrt tarriff, why can't i just say ok, ill drop it to zero, ... but then raise the price of my goods 20 percent, so, look, no tarriff, but still same price. THAT though would help the manufacturer out, because they would get the money in the item cost, versus a tarriff, which the govt keeps I believe.
now the governments who have been pillaging the us are having a fit, because the gravy train of us cash to them is being cut essentially.
the people end up paying for it in the long run, because no matter what the name or excuse, any price increase is ALWAYS borne by the customer. Again most people don't give a rats ass about the long run or bigger picture, all they see is higher price, orange man evil.
most people are too emotional and irresponsible to be handling money anyways. if you are a daytrader, now is the time to get rich. you not only know how the sheeple will react, but they are broadcasting it as well. oh YEAH, WELL IM GONNA DO THIS!!!.
Don't know about you but im making mint on the crypto during this kerfluffle and hope it lasts till the end of the year tbh....at this rate, ill rake in another 1 to 1.2 mm by august.
Aaron