Tariffs, when used properly, can help build our economy by making U.S.factories able to produce products that are price competitive with low wage countries and those factories provide good jobs that dont need an over-priced college education. We need factories in the U.S., we won WWII because of our ability to convert existing production lines for the war effort. (the greatest generation was a lot more than just military service)
from taxfoundationdotorg:Trump instigated a trade war by imposing new tariffs (taxes) on imports of washing machines and solar panels (Section 201), steel and aluminum (Section 232), and billions of dollars’ worth of consumer, intermediate, and capital goods from China (Section 301) throughout 2018 and 2019. Based on levels of trade before the tariffs went into effect, the new levies amounted to a tax increase of $80 billion a year. Outside of allowing the washing machines tariffs to expire in 2023 and some narrow modifications to the steel and aluminum tariffs and solar panel tariffs, President Biden has kept nearly all Trump tariffs in place.
While the static analysis indicates the tariffs amount to an $80 billion a year tax increase, trade levels have not remained the same since the tariffs went into effect. Broadly speaking, trade has fallen in the categories of goods subject to tariffs and has increased in the categories (or from other jurisdictions) not subject to tariffs. Accordingly, since they were imposed, the trade war tariffs have raised customs duties collections by around $233 billion through March 2024.
Of that $233 billion, just $89 billion was collected during the Trump administration. The remaining $144 billion has been collected during the Biden administration.
The vast majority of the increase in tax collections has come from the Section 301 tariffs on goods from China—$211 billion of the $233 billion. While political rhetoric claims the tariffs have been paid by China and other foreign countries, they are actually paid by people in the U.S. importing foreign goods. And the economic burden of those higher tax payments has fallen almost exclusively on American consumers in the form of higher import or retail prices.
I havent been in a department store in years, do they have gift wrapping at all? Im pretty sure free gift boxes have gone the way of the dodo bird too.
no, just Morris Day