I wonder, if Trump was lowering tariffs instead of raising them, would US companies be lowering their prices instead of saying how much they have to raise prices based on Trumps increase in taxes?
I BET NOT!!!!
J.P. Morgan had estimated that Trump’s tariffs would cost the average house-hold roughly $1,000 a year if he proceeded with his threats.
When corporate America decides to move their plants overseas to reduce operating costs, vs paying Americans more, I have never been the receiptant of savings on their products.
I think Hagger pants was one of the first to go into Mexico for production. I never saw their prices go down, instead the cost savings went to the greedy CEO’s and stock holders.