Where is the inflation we were promised?
We were told Americans would be paying for for the tarifs through inflation. Where are those posters and their promises now?
My 2 cents worth on this -- In theory, tariffs are supposed to drive up prices on the targeted products. However China (and the EU too for that matter) has been devaluing its currency as an offset to the tariffs.
The result is lowered prices. And that means on everything, not just the targeted items.
Furthemore, while Main Street has been doing better, Wall Street not as much. One thing that would help WS would be to get the USMCA through the House. This would help unclog WS flow of funds. The problem is that Pelosi knows this. She doesnt want the WS side of the econ to get rolling. So she is trying to tank ratification of the USMCA using ideas like bogus labor excuses (which are, if course, supported by the political bosses of the Unions).
It's a weird world we live in at the moment.
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Last edited: Oct 30, 2019