What do new trade deals with the EU, UK, and Asia really mean for your wallet? The tariff war may have sparked global drama, but now the results are starting to roll in—and they might surprise you. Power moves, political fallout, and price tags all collide in this revealing breakdown of who gained, who gave in, and what’s still at stake. Buckle up—your budget could be the next battleground.
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Isn’t he the whole reason why this tariff fiasco is going on.
It doesn’t change the fact that the purchaser is the one that pays any tariff no matter who levies it. The imported pays and passes on the charge to his customers to still make a profit. The only reason I mentioned Trump, who the hell started this tariff mess in the first place.
The only thing that the purchaser can do is not to purchase. The problem being in crucial items they have very little choice.
Yes, they have been around for a very long time, but the current fiasco initiated by Trump (more of a weapon) isn’t having the desired effect (certainly not what he would have hoped for).
Countries are just levying their own tariffs on the USA and or avoiding ordering from America if they can avoid it and or striking deals with other countries.
Trump was hoping they would open factories in the USA and increase employment. But for the most part American labour is more expensive than say China, Vietnam, etc. Not to mention the cost of premises and the higher labour costs in the USA. So its a non starter.
Which is exactly why applying tariffs as a weapon doesn’t work. It isn’t a short term fix, countries with a cheaper labour rate are the reason product prices are lower making it more attractive to importers. In countries with a higher living standard wont work for peanuts, costs rise for both the consumer and producer when locally produced.
Countries look for other sources to import/export their goods, Canada the example making trade deals with other countries whilst applying tariffs on the USA.
People get pissed and look for other solutions, e.g.
Sorry but Canada is looking after itself and putting the pain back on the originator Trump (who hasn’t a clue how tariffs work), he still thinks it hurts the sender and not the purchaser. They are looking at long term security and given Trump’s 51state diatribe, who could blame them.
Facts come from many sources, at this point I will bow out.
You obviously dislike Trump which is your choice. Again, this article has nothing to do with politics. just news and information. Not all of appears to your liking.
