we have always used tariffs,
it isn't anything new.
Just not at this level on everything across the board,
then start negotiating.
We created a trading block with Canada and Mexico - NAFTA, so businesses could invest in the places that made the most sense
without hindrance. Canada has plenty of wood, mexico has tequila, we need to build more bars. works out.
(we share technical efficiencies, they share a larger skilled labor pool)
Now they run commercials and charge reciprocal tariffs, and nobody likes Canadian club up there.
We can't look at inflation numbers coming out of COVID, been through that before.
Otherwise you need to look at the other side and say how the economy contracted under the trump admin #1 in 2020.
are we going to claim the market gains from the lows?
the 10 yr return of the Vanguard total market fund is 14% per year
it is up a bit more than 16% YTD. (hint: this is annualized, so it is up 14% actual - if it keeps growing at the current rate it will be 16)
looks average to me.
or if you look at the 5 year return (which includes 4 of Biden - it is 16%/yr)
it is all spin.
Look at gas prices internationally.
Most countries tax the hell out of gas. https://www.globalpetrolprices.com/gasoline_prices/
It is a touch point in the US - a political nightmare if they go up.
So I can say Biden had gas prices below $2/gal in 2021. or was that trump in 2020???
---
oh, on that 10 yr return, which doesn't include div reinvestment.
rule of 72 says a 14% return would have doubled your $$ twice.
$10,000->$40,000 all on auto pilot. (72/14 is 5ish, so 5 years to double)
