I own a real estate development firm, employing roughly 50 people, and after weathering incredible headwinds from COVID-induced supply constraints and Biden-induced demand increases and the subsequent price increases that followed, I thought we were out of the woods.

Now, the deals we have in place will experience price increases that could bankrupt our business. 25% to 50% increases (plus OH/P from a contractor) is about 5X what anyone would carry in contingency.

I know that other sectors will experience their own challenges.

In business school, I had an Econ professor who made a point in one lecture to explain that the most advanced economies tend to produce expensive goods and buy less expensive goods, which is why we eventually outsourced lower paying jobs to include manufacturing and labor, while importing the products of such goods instead, and that is why advanced economies tend to have a trade deficit.

Trump is basing the reason for his tariffs on trade deficit alone.

Does anyone else disagree with this approach?

154 Days since I cast my vote for Trump on November 3. Still not sad; only more resolute than ever that the deep state is real, its agents are among the most vile creatures on earth, and there are millions of people who want to be in servitude to the government.

Buy American. Vote Republican. Save Our Nation.

https://www.dailymail.co.uk/news/article-14576935/white-house-number-countries-make-deal-tariffs.html

https://www.thetimes.com/article/e4fce705-2a56-4e4a-aa04-0b55effb5bc0?shareToken=5ebc5dac67ef2d251e3da2fe4781f3ac