From my response to Facebook chats etcetera.
I WOULD rather hope for new economic strategies (tariffs etc) in 2025 than "smartly" send doomsday signs. All these tariff red flags are "future tense" negativity pitched by liberals. Meanwhile, Mr Trump expects to sit with the Chinese next year and whatever deals they agree on, decides what's up.
Joe Biden (or his emissaries Antony Blinken and Janet Yellen) failed to break the Chinese on the trade table several times, mainly due to Joe's inconsistent or mostly aggro tactics vs the CCP.
Anyhow, the facts (after and during): Grocery prices are up 20 percent in the last 4 years. Current inflation rate is 2.4 percent. Economists forecast 3.1 percent as 2024 ends. Last year, it was 4.1 percent, down from 8 percent in 2022. In Mr Trump's last year, 2020, it was 1.23 percent. In pandemic time, 2019, it was 1.8 percent.
Why the Chinese? No brainer. Over 40 percent of U.S. imports come from China. Some that come from elsewhere (like Mexico) somehow have Chinese investments or loans in them. If manufacturing is done here in the U.S. mainly, with over 8000 U.S. companies already operating in China, expect prices to go even higher. Of course. The last year the U.S. had a trade surplus was in 1975. 🏛🗽🏛
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