Quote Originally Posted by ClydeR View Post
Remember supply shocks during COVID? Get ready for a supply shock arising from tariffs. Supply shocks cause more tangible and immediate distress than declining 401(k) balances. I hope your car doesn't break down and need a part.
Perhaps temporarily. Maybe… But in an economy such as ours, if there is enough demand a business will most certainly meet that with supply. Covid shut down production. That doesn’t happen with these tariffs, it’s just going to cost more to import. A better argument is that such common goods like automotive parts will cost more & blanket tariffs lead to inflation.