Re: Tariffs and bikes

Trust, but verify.On Fri, 4 Apr 2025 09:16:05 -0700, sms <scharf.steven@geemail.com> wrote:

The whole idea of increasing taxes on the masses, while decreasing them
on the wealthy, is so Republican, and so Reaganesque with the fraud of
"Trickle-Down Economics."
>
These new high taxes on discretionary items will be disastrous since a
new bike, a new phone, or even a new car, is not generally a required
purchase, and consumers will be unwilling to pay much more. So companies
like Trek will likely absorb some of the tariffs by accepting lower margins.
>
OTOH, some businesses, like car repair shops will see more business as
consumers spend more to keep their existing vehicle working.
>
For items that are not discretionary, like food, we'll just have to pay
more for the same items or switch to lower-cost items.
>
>

Much of the food we USAians eat is produced in the USA, so it won't be
affected by tariffs.  The current high grocery prices are a product of
the inflation that happened over the last four years.

--
"when will they ever learn?"
--Pete Seeger