TIG has exempted imported electronics from the 10% baseline, and 145% China punitive tariffs. Speculation is that a sector tariff, like those on cars, steel, and aluminum, will be substituted.
Steve
Such a stable genius, this is how you wreck an economy.
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I can see a case, when there is no USian industry to protect, to start with a low, revenue, tariff, and ramp it up, over several years, giving the āJCsā time to adjust their supply chains. But, as usual, TIG is being precipitate about everything. You would think, with four years to think about it, he would have come in with a more developed plan, other than āretributionā.
Steve
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How much TrumpCoin did Tim Cook have to buy?
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But then, what about that priority goal of a quick and juicy JC tax cut?
It would appear the āplanā consists of a hodgepodge of mutually exclusive desires by different stakeholders, with actual decisions being taken on an impulsive fly by night basis.
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I imagine this is helpful to the upper classes who can afford the electronics, but less so for the proles.
Putting on my MBA hat (scruch)
-impose high revenue tariffs, meaning high, but just below the threshold were most people would refuse to buy the tariffed item, to generate a lot of revenue.
-enact the fat āJCā tax cuts, saying āitās fiscally responsible, because we are harvesting so much loot from the tariffsā.
-as manufacturing is brought back in to the US, over a period of several years, to duck the tariffs, the revenue would fall, and the Federal deficit would grow, again. If anyone objects to the growing deficit, demand more spending cuts, at the expense of the Proles, because āmust not burden the JCsā by rolling back their tax cuts.
Steveā¦removing MBA hat
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Electronics are pervasive today. Every car has a computer at itās heart, maybe several computers. Even Proles are welded to their cell phones. The ābaseā needs a TV or computer so they can receive their thought instructions from Fox Noise.
Steve