If you google “Mexico Delays Tariffs” or “Canada Delays Tariffs”…
Go to the “News” tabs.
Crickets
China? More crickets
Delaying the tariffs is a nonissue.
I have not worked a framework economically of what happens when only the other guys have tariffs.
It might be a good thing. The USD drops. If we need to produce at a lower cost to maintain our exports? Might be good indeed.
The one thing he is is a cagey street fighter.
I was thinking that this morning. Also, a lower dollar means cheaper imports which reduces inflationary pressures.
DB2
No it means more expensive imports. More dollars to afford them.
That leads to US producers doing it. Later on we get economies of scale. Our costs drop much later.
Most of what we consume is domestically produced. We will still get deflation.
I remember when the GB Pound was devalued from $2.80 to $2.40. When that happened, the UK still had an auto industry. The UK had it’s own commercial aircraft industry. The UK had a consumer electronics industry. Did devaluing the Pound help?
Steve
The history is more complex than that. I do not know if it helped.
The UK rides with the US. In the 80s we rode into a deindustrialization.