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There's a certain topic that, prior to the passing of the Pope, dominated news headlines worldwide. It was on everyone's lips, roiling minds everywhere as impact scenarios ranged from a national sense of beatific happiness to global economic disaster. Of course, we are discussing Donald Trump's new, lighter hair color, one that has captured the attention of the world and— Okay, it's tariffs. ...And this blog entry is continued elsewhere. Click here to see it on Google Sites!
Costly Imports: The Lowdown on Trump's Tariffs
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Sardonic The Hedgehog
Unless money will be found to subsidize building the factory infrastructure here, tariffs are a massive blunder. However, if there's some way to pay for upgrading freight infrastructure, perhaps this could eventually all pay off. Fortunately, I haven't been able to contribute to my 401k all these many years, so I haven't lost much money aside from paying higher prices for groceries.
The possible revenue from the tariffs could be used to subsidize the construction of *some* new factories and the modernization of select existing ones *if* all goes well. It would not, however, be enough to fund all the needed construction. At least, not at once. The effects of the tariffs, if successfully implemented, would probably take decades to yield any possible benefit through the accumulation of funds, which is fair and expected given the betrayal of this country by manufacturers who offshored and outsourced production (and by politicians who supported them) took place over decades. It takes longer to create than it does to destroy, so if tariffs eventually have any positive and transformative effect, then it would likely be felt by my grandchildren or great-grandchildren. Again, all of the above is an "if" scenario.
by TechRider (Mélange); ; Report