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Just facts in our economy.....
Posted on: May 13, 2019 at 15:57:01 CT
Spanky KU
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….the White House has faced little backlash from the public and thus little pressure to change its tactics. How come? Most consumers haven’t noticed the effects on tariffs on what they spend or on the broader U.S. economy.
The cost of many widely imported consumers goods, for instance, haven’t risen very much, and in some cases. they’ve actually declined.
Take clothing. The cost of apparel actually dropped 2.2% in the past year — the biggest yearly decrease since 2003, government figures show. Prices of TVs, toys and computers have also fallen.
One of the few imported goods to see a substantial price increase is appliances. After declining from 2013 to early 2018, the cost of major appliances in the U.S. has surged almost 9% in the past year — the biggest increase of any imported good exposed to tariffs. Yet most households don’t need to buy a new fridge, dishwasher or dryer every year.
The U.S. economy, meanwhile, grew 2.9% last year to match the fastest annual increase since the end of the Great Recession a decade ago. If anything, the relatively strong performance of the U.S. economy appears to have emboldened the Trump White House to stand fast.
https://www.marke****ch.com/story/cost-of-trump-trade-spat-with-china-to-be-clearer-if-fight-escalates-2019-05-08
Edited by Spanky at 15:57:43 on 05/13/19
The cost of many widely imported consumers goods, for instance, haven’t risen very much, and in some cases. they’ve actually declined.
Take clothing. The cost of apparel actually dropped 2.2% in the past year — the biggest yearly decrease since 2003, government figures show. Prices of TVs, toys and computers have also fallen.
One of the few imported goods to see a substantial price increase is appliances. After declining from 2013 to early 2018, the cost of major appliances in the U.S. has surged almost 9% in the past year — the biggest increase of any imported good exposed to tariffs. Yet most households don’t need to buy a new fridge, dishwasher or dryer every year.
The U.S. economy, meanwhile, grew 2.9% last year to match the fastest annual increase since the end of the Great Recession a decade ago. If anything, the relatively strong performance of the U.S. economy appears to have emboldened the Trump White House to stand fast.
https://www.marke****ch.com/story/cost-of-trump-trade-spat-with-china-to-be-clearer-if-fight-escalates-2019-05-08
Edited by Spanky at 15:57:43 on 05/13/19
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Just facts in our economy..... - Spanky KU - 5/13 15:57:01