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Bad for American consumers, no matter how you try to spin it.
Consequences is not something TRUMP thinks about before his disruptive executive orders . Any other executive acting like TRUMP does would get fired !
It’s not that he doesn’t think about the consequences. His aides advise him of those consequences. It’s all about he doesn’t care about the consequences. He believes, or at least pretends to believe, all those goods can be made in the US, and will be if we just stop importing them. Irish Wool sweaters from Arkansas insted of Aran just won’t be the same…
Timothy +1
Wondering…is merchandise purchased from Trump golf resorts in Scotland subject to the postal tariffs? Or did he exempt his own business from them?
I think Netherlands, PostNL has the right attitude. Ship the stuff and let the Americans deal with the mess they created.
but that’s not what PostNL is saying according to this article. IT appears the message from NL is to ship today, and we’ll be working with partners in the US to resolve the issue.
The big impact of this will be on suburban, largely White, consumers, who order small things from Europe and China. They will now being paying tariffs on the products, bringing the tariff caused inflation right into their homes.
This might be a semi-coordinated action by EU countries to get influential Americans who travel in Europe to bring pressure on their representatives.
Of course, with the administration’s mismanagement of economic issues, the dollar has slumped against the major European currencies (Pound -7.5%YTD, Euro -11.1%YTD, Swiss Franc -11.4%YTD) so Americans who travel are less likely to be doing any buying over there.