RE: Could Tariffs Be A Good Thing ?
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Thanks for your reply - some good points I hadn't considered ! Something else that just occurred to me is that the tariffs will inevitably create a spike in inflation, which could be quite convenient as the US government tries to get a handle on it's insane levels of sovereign debt.
!BBH
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Absolutely! Inflation is absolutely going to rise. There's no way around it.
Even goods & services that are wholly American made use materials that are imported, so pretty much everything will rise in price... and... workers will be struggling to make ends meet so they'll be asking for wage raises where possible, so prices will increase more.
If a company somehow has no materials or anything imported, then they'll probably increase their prices too and make a little extra profit.
Inflation is going to get very nasty in the US.
The sovereign debt is an interesting point... what is to stop China, Japan, etc threatening to call in their USD debts as part of their own negotiating tactics?