Because American people buying less cheap Chinese made ---- from Walmart is good for the country.
#14 | Posted by ScottS
Now they can buy it for 50% more and have less money to spend on everything else.
That's less money for rent or home buying, food, medical care, entertainment, clothing, cars, electronics, services, etc.
That trickles into less revenue for all other businesses cutting their revenue and force layoffs.
And a death spiral which results in fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...
And the only hope is that lower demand at some point way down the line means lower prices to the point where the economy stabilizes, but no where near where we are now.
One hour ago....
"Sell-off worsens worldwide and Dow drops 1,700 after China retaliates against Trump tariffs"
apnews.com
"... worst day since COVID."
#7 | Posted by Corky
Still dropping...
Down over 2,000 points now