I'm glad they've done the work here and put a figure on it - the impact absolutely needed to be quantified - but I also have to say... to the surprise of absolutely no-one with even the most basic grasp of how economies function. People, lots of people, lots of people who have a really deep understanding of national and global economics (unlike me), have been warning about this since talk of tariffs became common cur…
> What were you thinking? What was going through your heads? I'm genuinely curious. I’m adamantly against all forms of illegal immigration. There are plenty of people around the world that want to come here and are willing to wait in line. I’m perfectly fine with the intentions and methods of the current administration. I’m in favor of doing whatever we can to increase our manufacturing base for the future. I’m perfe…
I highly doubt you are not purchasing "made in china" or "made in taiwan" products. You likely just don't know. Even your Macbook or GPU card is made in China or Taiwan as are lots of components used inside "made in US" products. Same goes for clothing and shoes, american "brands" made in China, Bangladesh, etc.
Moreover: - you don't have fully-local alternatives for everything - it takes a long time and a lot fo money to build factories for local alternatives - cost of labor is much higher in your country
The end result must be higher prices for everything on your side, and it's starting to show.
>> There are plenty of people around the world that want to come here and are willing to wait in line. I’m perfectly fine with the intentions and methods of the current administration
In the past, I was considering moving to US. I think it would be relatively easy for me (EU citizen, good IT work history). And I visited US couple of times as a visitor. But since Trump and recent ICE "methods", I am honesly scared to even visit US again near-term. I am glad I live in EU.