America's trade imbalance is complicated. It's not a sustainable situation long term. Donald Trump has a plan, right or wrong, it will have an impact. Kamala Harris' plan? "Look, I was raised a middle class kid..." That's a soundbite, that is not a plan. It's meaningless, yet it's her answer to every economic question.
Take away the complexity of tariffs, what Trump is proposing will have a real impact; it will either save jobs or if John Deere decides to offshore manufacturing regardless of the tariffs, they will face a massive increase in the cost of production. That cost will be passed on to consumers. The consumers will choose alternatives and John Deere will face declining sales and ultimately, likely, hardship.
In other words, Trump is doing something real. Harris cannot even fathom something real.
No comments:
Post a Comment
Disagreement is always welcome. Please remain civil. Vulgar or disrespectful comments towards anyone will be removed.