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Open original source ↗Expensive IPhones 📱 and other high end consumer electronics purchased mostly by the well-off/affluent are exempted; but the 80% of good Chinese cheap consumer goods purchased by his left-behind blue collar base at Dollar Stores, Walmart, Costco, and other low price retailers are slapped with a 145% tariff. Most of them are low-end low value-added labor intensive good quality cheap Chinese products that we never ever manufactured in the US in the first place or that we stopped producing decades ago as it is not our comparative advantage to produce low end cheap goods! So he says that he wants to reshore tech rather than cheap toys . But his exemptions will not reshore iPhones or tech goods and they will not reshore either cheap goods we can’t and won’t produce at home! So all contradictory dissonant inconsistent and incoherent policies taken by the seat of the pants and are decided and reversed on a whim via UnTruth Anti-Social in the middle of sleepless zombie nights!
So not even Make America CheapToys Again! This 145% tariff is the most regressive tax in US history that shafts the working class that he pretends to want to help while leading to almost no reshoring ever of jobs on goods we stopped producing in the US in the 1960s nor of the tech goods we want to reshore and that we are now exempting from tariffs to avoid pissing off many US consumers and to avoid screwing Apple’s and all other US tech firms’ profits!
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President Donald Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs, potentially cushioning consumers from sticker shock https://t.co/t4eXa7KWlR
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