Quote:
Originally Posted by elysiantraveller
"Trade wars are easy to win..."
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Yes trade wars are easy to win, except to losers.
The business and trade 'experts' on here claimed a tax on consumers, price increases, recession, citizens taking to the streets demanding Trump's head, and other disasters for the USA economy.
The know-it-alls know so little, so very little...
Quote:
The Trump administration’s trade policies are not raising prices of goods for U.S. consumers. And the pressure they once were putting on U.S. business profits is now lifting.
Prices for goods in the U.S. fell by half a percentage point in August, two months after tariffs on $200 billion of Chinese imports rose from 10 percent to 25 percent, the Labor Department said Wednesday. Excluding the volatile food, energy, and trade services categories, prices for goods were flat in the month ln a seasonally adjusted basis.
Perhaps more surprisingly, the pressure on business margins for tariffs appears to be lifting. Prices of materials and components for consumer goods have fallen dramatically and business margins have improved, according to the Producer Price Index data released Wednesday. Retailer margins grew by more than 2 percent in August.
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https://www.breitbart.com/economy/20...igher-tariffs/
