News Focus
News Focus
Followers 2581
Posts 329141
Boards Moderated 23
Alias Born 04/12/2001

Re: B402 post# 474356

Tuesday, 05/14/2024 12:24:38 PM

Tuesday, May 14, 2024 12:24:38 PM

Post# of 579362
And that is politics.

Biden in Pittsburgh sought to contrast his approach as "strategic and targeted" and has said Trump's broader approach would raise costs for U.S. consumers.

We'll see if it works out that way. But if it's bringing manufacturing back to the U.S., why are you pissed off about it? Isn't that something Trump claimed he wanted, but didn't achieve? Didn't his followers want it as well? Weren't they presumably disappointed when their hero couldn't manage it, and only succeeded in imposing some tariffs?

As for whether that will affect inflation, time will tell. Here's an interesting article from about a year ago. It explains some of the complexities of the tariff question:

Biden kept Trump's tariffs on Chinese imports. This is who pays the price

JUNE 27, 20235:00 AM ET

https://www.npr.org/2023/06/27/1184027892/china-tariffs-biden-trump

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today