Imposing tariffs right now could be harmful to U.S. consumers for several reasons: Higher Prices: Tariffs are essentially taxes on imported goods. When tariffs are imposed, the cost of these goods increases, and businesses often pass these costs onto consumers in the form of higher prices1. This can lead to inflation, making everyday items more expensive for American households. Reduced Choices: Tariffs can limit the variety of goods available to consumers. When imports become more expensive, businesses may reduce the range of products they offer, leaving consumers with fewer choices. Economic Slowdown: Higher prices and reduced choices can lead to decreased consumer spending, which can slow down economic growth. This can result in job losses and lower wages, further impacting consumers' purchasing power. Retaliation: Other countries may respond to U.S. tariffs with their own tariffs on American goods, making it harder for U.S. businesses to export their products. This can hurt industries that rely on international trade, leading to job losses and economic disruption. In summary, while tariffs might be intended to protect domestic industries, they often end up hurting consumers by increasing prices, reducing choices, and potentially slowing down the economy As for Walmart, the retail giant entered the Chinese market in 1996 with its first store in Shenzhen. Over the years, Walmart has expanded its presence in China, sourcing a significant portion of its products from Chinese suppliers2. By 2006, Walmart was buying around $22 billion worth of goods from China. These strategies have allowed both dollar stores and Walmart to offer affordable prices to American consumers by leveraging the cost-effective manufacturing and bulk purchasing advantages available in China. There are over 38,000 dollar stores across the country, and the market size is estimated to be around $124.9 billion. This represents a steady growth over the past few years, driven by increased demand for affordable goods American consumers have benifited low cost goods for their daily lifves for decades. which US unable to manufacture
@UpNfamish22 ай бұрын
Pompeo will run for President in 2028
@neverforgetclassstruggle2 ай бұрын
And Marco Rubio.
@UpNfamish22 ай бұрын
Both are both flying over the cuckoo’s nest anti CHINESE , the Yellow Peril ( not anti CPC as they claim).