Do you know what a duvet is? If no, then don't worry because you soon won't be able to buy one anyway.
Here is the list of predicted shortages in the order they are predicted to occur..
- Toys
- Seasonal kids' goods, including back-to-school items
- Low-cost apparel
- Budget home goods
- Fast fashion
- Consumer electronics
It's no coincidence that the two items Trump mentioned for shortages were dolls and pencils, the first two items on the list.
Trump today..
Where to start?Tariffs are the most misunderstood thing maybe in any form of business, anywhere in business. Oftentimes the country picks them up, oftentimes the company picks it up. The people don't pick it up. The people don't pick it up, and if Ford did that, they wouldn't sell any cars. And if Mattel, I don't know, I'm not so sure, they also said… They're the only country I've heard. They said, "Well, we're going to go counter. We're going to try going someplace else." That's okay. Let them go and we'll put a hundred percent tariff on his toys and he won't sell one toy in the United States, and that's their biggest market. I heard that. I watched this guy talking about how I'm going to go counter. I said, "Well, I wouldn't want to have him as an executive too long."
More...
- Trump said Mattel is a country.
- If the Mattel company moves its production out of China to another country, why would that upset Trump? And why would it cause Trump to want to put tariffs on Mattel?
- Trump is imposing these particular tariffs under the Emergency Economic Powers Act of 1977, which does not even permit tariffs. It permits sanctions "to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared for purposes of this chapter and may not be exercised for any other purpose." Does Trump think you are dumb enough to believe that moving Barbie production from China to another country is a national emergency?
I made ~100k during the overaction of the market during the tariff freakout.
Thank you my lord and savior Donald Trump.
http://www.usdebtclock.org/
Click the link above to see how much you owe the government.
"Well I tell you what, if you have a problem figuring out whether you're for me or Trump, then you ain't black."
-Superracist, Joe Biden
“If you don’t believe in free speech for people who you disagree with, and even hate for what they stand for, then you don’t believe in free speech.”
-My favorite liberal