The Retired Investor: For Whom the Tariffs TollBy Bill Schmick,
04:38PM / Thursday, May 01, 2025 | |
As the flow of container ships to the U.S. slows and the number of trucks needed to distribute Chinese goods declines, retail shelves will soon begin to empty. Unless the tariff war is reversed, consumers should expect shortages.
Tariffs (so the story goes) will fuel a U.S. manufacturing renaissance, leading to higher middle-class wages and more stable families and communities. This manufacturing resurgence will promote research, development and innovation leading to economy-wide productivity gains.
History and most economists indicate that tariffs will not deliver the desired benefits. But let's not be naysayers. After all, most Americans believe that 0 Comments
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