Tariffs Are Not All Bad

Tariffs are not inflation- as least not in the sense that higher interest rates are warranted. Moreover, tariffs cause prices to rise because of taxes on good that get passe don- but also means local manufacturing is competitive and Americans make more money on work that stays local and is sold in the U.S.- rather than importing products made by people overseas at $2.00 an hour. Americans may pay some higher prices- but we will make more money and not help communists and their slave labor.

https://www.bloomberg.com/news/articles/2018-07-10/chart-of-century-gives-powell-gloomy-glimpse-of-trade-war-world

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