President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might “have two dolls instead of 30 dolls,” but he insisted China will suffer more from his trade war.
American kids might “have two dolls instead of 30 dolls,”
Operating on the assumption that most households aren’t buying their kids 30 dolls (and those that do are probably going to be under the least economic pressure to cut spending), if American households actually cut spending on their kids by a proportional 93% of whatever they were going to spend, I expect that midterms are going to be interesting.
The wife and I have cut about that much of our spending, not including rent and bills. Major ports are already showing a 30 percent drop on imports. And not to mention that most of our farmland is either corn or soy. Pretty sure the majority of corn is used for ethanol and soy is exported. Other countries won’t buy our exports and we won’t by our own products. I’ve worked in manufacturing, American made is as bad as the “cheap” Chinese shit we complain about, only significantly higher priced.
