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Originally Posted by lamboguy
at the end of the G20, the news came out that there were deals done. there were no deals. the tariffs are still on the table. we buy everything from China, and it now costs more to buy the stuff from them. bottom line, we got a tax cut, and it got taken away with the tariffs, so we just got screwed.
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When the 90 day "deal" was announced, the market went up, led by auto company stocks. Today, Trump said that he was "a tariff man" and the market dropped 700 points. The Donald said that other countries "come in to raid the great wealth of our Nation", and that he is going to put an end to that and "Make America Rich Again".
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Some noted that it seemed the president was clinging to his belief that those ultimately on the hook for increased costs when Washington imposes tariffs on imports were foreign countries and overseas business, rather than the U.S. consumers to whom tariff-related price increases are all but invariably passed along.
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https://www.marketwatch.com/story/tr...ame-2018-12-04
