News Link • Tariffs
Will Trump Tariffs Kill Commercial Real Estate?
• Schiff GoldWith a 10% tariff on goods from China and 25% tariff on imports from Canada and Mexico, the additional cost will be passed along to the US builder and consumer — and is a stiff repudiation to the notion of free markets.
The Fed has predictably failed to get inflation under control before starting its rate-cutting bonanza, and tariffs will cause prices to skyrocket for materials like aluminum, steel and wood, all without addressing deficits. The price increases could a wave ripping through everything from food packaging, cars, trucks, ships, aircraft, and electronics to logistics, housing, and commercial construction. Or, in other words, just about everything. As Peter Schiff recently said:
Why doesn't every country just impose tariffs if it doesn't cost anything for their own citizens? …A tariff is a tax. It's a tax on the consumer for buying stuff. 100% of it is paid by consumers. There's nobody else to pay it!"
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2 Comments in Response to Will Trump Tariffs Kill Commercial Real Estate?
Pearl Harbor is possibly the best thing to think about regarding tariffs. Why? How long did it take for America to swing into action after Pearl? Not long. In a matter of a few months American ingenuity and manufacturing made America the most powerful nation in the world. Stop thinking about tariffs, and start to focus on cutting off all imports 100%. We don't need the other countries. If anything, they need us. American ingenuity and manufacturing can invent and manufacture anything and everything Americans need and want - and like after Pearl, very, very fast.
Do you remember the USS ARIZONA? It was one of the American ships sunk in the Pearl Harbor attack in 1941. It has been made a national monument in America. The USS ARIZONA is exceptionally important in tariff instruction and lobbying. Kari Lake of Arizona has been destroyed through election fraud. But like a monument to American ingenuity, she has been appointed to Trump's 'Voice of America' position. She needs to instructed Americans regarding how Americans moved together as a nation after Pearl Harbor, so that she can show tariff lobbyists not only that we don't need other nations, but that other nations only slow MAGA down.