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DEADLY TARIFF ATTACK
The Geneva Shore Report has been reporting on the potential of what is going on at the executive arm of the United States government and how much pain, trouble and even violence may occur, even at the local level, as the seismic changes being made not just in the economy but also in this country’s association with other normally peaceful neighbors and more distant countries. The tariffs being applied to China alone, and its reciprocating response, are just beginning to be felt by the American public, so joblessness is going to grow along with inflation setting in as the public becomes aware that it will be paying all the additional tariffs the government is charging when it comes to purchasing any products from China.
That might not seem significant until one considers that both Amazon and Walmart source over seventy percent (70%) of their products in China, while other major companies that sell to the U.S. public, like Home Depot and Lowe’s, are sourcing between twenty and forty percent. Lake Geneva uses those stores and Amazon for most of its purchases. A one hundred and forty-five percent (145%) tariff means that the prices of all those products normally priced will more than double. A hundred and forty-five percent tax on a hundred-dollar item takes the total price up to two hundred and forty-five dollars. Consumers in the Lake Geneva area are going to be deeply hurt from this effect alone.
Another effect will be felt in trying to shop local at all the smaller stores in the area, as these smaller businesses also source most of their products from China. Current inventories of products have kept the already applied Chinese tariff from reaching the public pocketbook, but that cannot sustain itself. The major stores and Amazon must purchase new inventory, and there will be no way to avoid charging consumers the full amount of the tariff at that point. That buffer period will likely last only a month or so from the application date of the tariff.
Another effect will also come into play because, as the big companies and Amazon try to hold off raising prices, their supplies are going to begin to dry up from China. Major ports on the West Coast of the country are seeing shipping drop by twenty percent since the tariff took effect. Empty shelves, like they are seen in so many Third World countries, may well become the rule of the day for all shopping stores. A panic of buying before the tariff’s full effect hits will also cause a decline in product supplies.
The White House on Tuesday of this week also offered a celebratory speech about just how wonderful the president’s first one hundred days have been. The bald ass lying of this press secretary was stupendous: “…inflation is going down, the price of gas is going down steeply, unemployment is way down and the rebirth of industrialization across the country is underway…”.
Well, the re-industrialization of America, even if the country went on a full, all-out WWII kind of conflict, would still take many years to effectively accomplish. And then there’s the root cause of America’s loss of significant amounts of its manufacturing base, for everyone to get to the forefront of their minds. It was the republican party, led by the executive and Congress in partnership with the billionaires, who went crazy with the hauling of every bit of the internal economic production of America. They not only sent it offshore but even, in most cases, went abroad and built those factories in places that had no rules about labor or the environment, much less the safety and other concerns that are met by and for workers in the USA. These imposters in Washington will be the undoing of the entire experiment of what this country has become. They have drained the swamp to make it a wasteland.
