Is that so? That would be a pretty stupid way of implementing the tariffs.
Tariffs protect and encourage inefficient industries. Yes, there's pain in higher commodity prices, but the real pain is felt when tariffs are lifted. Whole industries suddenly disappear. Been there, seen that.
It’s a way of putting up taxes to fill a budget deficit that’s more presentationally acceptable. National Insurance rises and welfare cuts are in the same style.I'm sure we should stick to arguing about pixels ;-)
The tariffs will hurt everyone - they will be inflationary, no manufacturer wherever the goods are made can absorb them, consumers will pay more. The inflation, rightly described by others as a highly undesirable tax, will slow down what would have been the decline in interest rates in the US and globally. That will be the second wave of pain.
Yes, there will likely be some return of manufacturing to the US, but it takes years for a car company or the like to reshore that activity, likely longer than the current US presidential cycle. And of course that manufacturing will need much more expensive US labour than having goods made in lower cost locations (which is why it moved there in the first place).
So an item made overseas subject to a tariff = more expensive for the US consumer. An item reshored to the US = more expensive for the US consumer.
For the avoidance of doubt, I live in the UK, just an observer like so many of this bullying economic lunacy.
Meanwhile, let's get back to the EVF on the OM3
Wait until the China Communists Party invades Taiwan.
So who is making Pro photographic gear in the States? This is the price that musk be paid to make the USA great again.:-D
I'm sure the govt bureaucrats fast and loose with taxpayer dollars agree with this and will be earmarking billions for "COVID relief" well into 2045. COVID did cause depression and unrest and we spent more than any other country to achieve among the poorest outcomes in the world. Where the money went, it certainly wasn't to COVID. Waste, fraud and misuse left us with rapid inflation and stagnant wages.
Remember to enjoy your belt tightening, you have a lot of really good cameras.
We are not talking about gooda made in China. We are talking about them being made in Vietnam. China is already sending goods to Mexico and rebranding them there as Mexican and that is why there is a tariff in place with Mexico.
Musk and Trump can both be added to Mt. Rushmore, together, and side by side.
Zounds, my avocados?
Hyperbole aside our national parks have received a 36% increase in funding over the last decade. I wish I could say that about my revenue. Sadly traffic to national parks is flat despite population growth and there is little interest among non-white demographic.
