Quote:
Originally Posted by DoricSpiker
Delusional. You are not levelling any playing field. You are putting a levy on every country, even ones that have a trade deficit with the US. Ones with surpluses are getting a higher levy. You have levied an island with only penguins as inhabitants ffs! Do you realise the credibility hit you take when you do that, especially amongst the penguins!
This will affect prices of goods in the US. Push up inflation more in the US than other countries. Make exporters look for other markets. Wallop the stock market (already happening). Make European countries think about pacts with China and Canada to combat these levys. Yes the result will be the rest of the world doing more business with china! Lastly, boycotts of American goods will gather more pace. It’s happening now here in the UK. Of course some countries will do some sort of deal, the UK being one, but it will make little difference to the overall global economic picture, also the UK already buys more from the US than we sell.
The working class person, those dudes on the White House lawn cheering, get screwed the most, from more expensive everyday goods and their pension pots going through the floor. Go boss……….
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100% sense.
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