U.S. Trade Deficit With China Falls Lowest In Decade
We should place 600% tariffs on Chinese goods until China comes clean about the disease from Wuhan.…
No, this will raise prices of many commodities that Americans purchase significantly, further causing economic turmoil that already exists under Biden and making life worse for millions of Americans, who will have to spend more to get the same items. And if they are spending more for the same items, they have that much less money to invest in gold, stocks, real estate, etc, buy houses, buy cars, and employers will have less money to hire people, create jobs, dream up new products, and expand their businesses. By hurting China through tariffs we hurt ourselves – and on top of that tariffs will do very little to effect the trade deficit, because EVERY US dollar that China receives through trade with us is a dollar that they must eventually spend buying some American product – so the money will inevitably come back to us. In short, your tariff plan would make everything worse and nothing better.
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