The Usual Idiot (Experts) tell you that tariffs are "taxes" on Americans.
Give me MORE of those, please!!
...China first responded to tariffs by subsidizing their targeted industries and later devaluing their currency. We began importing deflation because Chinese products arrived with lower, subsidized, prices, and we paid for them with higher value dollars.
The downside for the rest of the world was China pulling back from purchases of large industrial products from Europe. This made the EU furious at Trump, and subsequently the EU central banks lowered the euro as an offset. For Americans we started importing deflation from Asia and Europe. Everything was arriving at a lower price and being paid using higher value dollars....
The offset to BidenFlation? Same as what the Founders and Abe Lincoln did:
Tariffs!
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