By seeking to “liberate” Germans from a globalized world order, the Nazi government sent the national economy careening backwards—and drove up the price of eggs 600 percent.
I’m not actually sure that’s true with the truly absurd tarriff that trump has levied. Sure the stuff that’s on hold will keep getting bought from China but other stuff will almost certainly be cheaper from other countries at this point. Nearly tripling the pre sale cost is not good for business.
We export a lot of soybeans. Trump will be giving farmers lots of subsidies to pay them back for the counter tariffs (again).
Generally speaking tariffs are harder on the nation that is exporting. China will be hit harder as they struggle to find other buyers.
Americans will still keep buying from china, they will just be paying higher tax.
I’m not actually sure that’s true with the truly absurd tarriff that trump has levied. Sure the stuff that’s on hold will keep getting bought from China but other stuff will almost certainly be cheaper from other countries at this point. Nearly tripling the pre sale cost is not good for business.