The reason that the stock market cratered in response to this was that regular consumers are about to get hit with a 25%+ price increase on literally everything they buy. If you don't make 25% more paycheck, you're going to be cutting your lifestyle by the difference. Companies know this and are anticipating major lost revenue because people won't have money to spend on their products. The price increases are probably going to be in full swing in 2-3 months, but that's an educated guess, only.
aow
joined 2 years ago
Speaking from experience, the Epoch Times is an incredibly questionable source. They regularly publish conspiracy theories, lies, and they're owned by the Falun Gong. Every once in a while a sample issue is sent out with some factual reporting (and a conservative bias, which is fine) to get people to subscribe and fall into the really ridiculous stuff. Re: your bias site, I do not know.
Yeah, the other side says "slow".
This torture method is a bit of a stretch...
Not really, just a huge difference between the different regions of PA. Philadelphia/Pittsburgh/Harrisburg vote blue, their metros mostly do, the rest of the state is deep red.
State level elections are determined by whether or not the city people turn out to vote.
Ok, so it's flat and on top of another object, like a board on a wheel! The surface is flat but wobbles a bit.
The perception would absolutely not be the same, and US companies are also not exempted from paying them. Most people don't understand that tariffs are taxes paid on imports, paid by those who import them. They think tariffs are magical and the money comes from foreigners.
People may start to understand if/when the price hikes start affecting them directly. For now only retirees with stock market holdings have seen a drop.