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Cake day: July 6th, 2023

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  • develop our factory base and our sourcing capability in alternative countries, like Cambodia, Vietnam, Mexico, Brazil, etc."

    From the same article:

    Trump has proposed a 60% tax on imports from China, plus a universal tariff of 10%-20% on imports from all foreign countries.

    So those goods still get a tariff, probably raising prices for the American consumer, just not as steep as from China. I thought the primary goal of the tariff was to move production back to America (which is a whole thing and not as simple as flipping a switch), which this does not do…and it wasn’t necessarily to try to limit China’s economy,which it probably doesn’t even put a dent in.