Their huffing about tariffs is moot since the recent push from Congress to go after Temu/AliExpress for "exploiting American customers".
EDIT: I'll put a proper response
The core of where the complaint is coming from, that the prices will certainly increase, is somewhat a legit concern. Because many non-perishable products bought in the US come from off-shore, the economy could hurt briefly to force some companies to bring parts production back onshore. It also would probably mean a soft reset, realigning some prices with the true price, while also forcing companies to have to forgo "disposable" products that should be durable.
For the tax cuts, this would soften the temporary blow to the economy that tariffs could bring and zero out the cost that Americans would have to cover. Then the main issue would be the purchasing power of the dollar as it can't be too low. Also, there are some classes of "essential" items (household appliances for one) that are completely offshore at this point and would probably take months to get all of it back to domestic, as moving and setting up manufacturing doesn't happen in a week. People might wind up paying American prices for Chinese-made junk in some areas. The long-term benefits do outweigh the short-term, but citizens might be unhappy during the transition
The bigger question to me is does this raise the cost of importing something that would obviously never be available in the US (e.g. merchandise from Japan, European cheese, etc.)? Caution should to be given as to what to put tariffs on. If it's Chinese junk, fine, I think people will manage assuming that there aren't many "essential" purchases that have been off-shored. If it's all imports, that's a different story.
Their huffing about tariffs is moot since the recent push from Congress to go after Temu/AliExpress for "exploiting American customers".
EDIT: I'll put a proper response
The core of where the complaint is coming from, that the prices will certainly increase, is somewhat a legit concern. Because many non-perishable products bought in the US come from off-shore, the economy could hurt briefly to force some companies to bring parts production back onshore. It also would probably mean a soft reset, realigning some prices with the true price, while also forcing companies to have to forgo "disposable" products that should be durable.
For the tax cuts, this would soften the temporary blow to the economy that tariffs could bring and zero out the cost that Americans would have to cover. Then the main issue would be the purchasing power of the dollar as it can't be too low. Also, there are some classes of "essential" items (household appliances for one) that are completely offshore at this point and would probably take months to get all of it back to domestic, as moving and setting up manufacturing doesn't happen in a week. People might wind up paying American prices for Chinese-made junk in some areas. The long-term benefits do outweigh the short-term, but citizens might be unhappy during the transition
The bigger question to me is this does this raise the cost of importing something that would obviously never be available in the US (e.g. merchandise from Japan, European cheese, etc.)? Caution should to be given as to what to put tariffs on. If it's Chinese junk, fine, I think people will manage assuming that there aren't many "essential" purchases that have been off-shored. If it's all imports, that's a different story.
Their huffing about tariffs is moot since the recent push from Congress to go after Temu/AliExpress for "exploiting American customers".
EDIT: I'll put a proper response
The core of where the complaint is coming from, that the prices will certainly increase, is somewhat a legit concern. Because many non-perishable products bought in the US come from off-shore, the economy could hurt briefly to force some companies to bring production back onshore. It also would probably mean a soft reset, realigning some prices with the true price, while also forcing companies to have to forgo "disposable" products that should be durable.
For the combination of tax cuts, this would soften the temporary blow to the economy that tariffs could bring and zero out having to cover that cost. Then the main issue would be the purchasing power of the dollar as it can't be too low. There are some classes of "essential" items (household appliances for one) that are completely offshore at this point and would probably take months to get all of it back to domestic, as moving and setting up manufacturing doesn't happen in a week. People might wind up paying American prices for Chinese-made junk in some area. The long-term benefits do outweigh the short-term, but citizens might be unhappy during the transition
The bigger question to me is this does this raise the cost of importing something that would obviously never be available in the US (e.g. merchandise from Japan, European cheese, etc.)? Caution should to be given as to what to put tariffs on. If it's Chinese junk, fine, I think people will manage assuming that there aren't many "essential" purchases that have been off-shored. If it's all imports, that's a different story.
Their huffing about tariffs is moot since the recent push from Congress to go after Temu/AliExpress for "exploiting American customers".