China Tariff War

by Jim Quinn

One of the main reasons our CPI has been so low for so long is because we import cheap computers and electronics from China, among other things. If we import $375 billion more than we export to China and 25% tariffs are charged on these imports, do you think it will impact the price we pay for shit? Won’t the CPI go higher? Won’t that force the Fed to raise interest rates higher? Won’t that cause a recession? Just asking.