COTD: WalMart Nation

Which jobs do you think trade tariffs will destroy?  Retail, no?

As tariffs and border taxes are implemented,  the price of goods rise,  real income falls,  ergo demand falls and fewer WalMart shoppers buying higher priced goods equal layoffs.   In the very states that voted for President Trump!  And that’s not counting retaliation and result of a loss of jobs in the export sector.

Let’s think this thing through, policymakers.  Even fotget the economics, just think of the politics.


Source:  MarketWatch

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