As an American, I hope the tariff policies work to our benefit. The problem is, that is the triumph of Hope over experience. The tariffs we tried in the first term didn’t work. According to conservative groups, those tariffs cost us tens of thousands of jobs and diminished the GDP.
our best hope is that we will negotiate some meaningless deals that won’t actually accomplish anything, but our leaders will be able to declare victory and extricate themselves from the corner they are in.
if we don’t do that, we are going to be in real trouble when China starts dumping treasuries. I also think this will hit American audio manufacturers, hard as well because foreign consumers are simply not going to buy from our folks. Our new friends, Russia And North Korea probably don’t buy nearly as much high end Audio equipment as our former friends.
hopefully, this will end soon with as little damage as possible. It’s not politics, it’s the iron laws of economics.