megatran wrote:The tariff on China is supposedly going to be reduced. There are more flip-flops than I have feet.
It's also possible that all of the new Trump tariffs could just go away this month since the Supreme Court is supposed to be deciding if the new tariffs are legal or not. Only Congress has the power to change taxes ("no taxation without representation" and all that), not the President, but he's using an old war time act and stating that current foreign trade policies are an attack on America giving him the right to adjust tariffs even though nothing is mentioned about tariffs in that act.
BTW, Trump continues to be delusional, stating prices are down not up, Americans aren't paying the tariffs, there's no recession and everyone is happy.
Emerje
