HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Regardless, you get winners and lowers out of tariffs, and the losers always outweigh the winners.
In this case, you have Samsung and LG, which have both opened new assembly sites in the US. Their supply chains are going to be disrupted by the tariffs.
And consumers will pay higher prices for their washing machines
And you have a blunting of competitive pressure, which means less investment and lower productivity by American companies, which hurts them in the long run. They're not competitive when they export, they come up with fewer game-changing ideas, etc
Finally, there's the impact on how companies are managed. Instead of finding ways to fix problems themselves, they look to big government to protect them through solutions like tariffs, quotas, etc. That means managers are rewarded more for how well they lobby the government than for competing in the marketplace. No one serious about small government believes in tariffs.
Whirlpool rewarding its Michigan employees with layoffs after tariffs and corporate tax cuts Feb 01, 20:27
Apple will use its $163b cash balance for stock buybacks and dividends (sorry job-seekers!) Feb 01, 23:35
Regardless, you get winners and lowers out of tariffs, and the losers always outweigh the winners. Feb 02, 08:03
