Trump's faulty logic with the tariffs

[no_hypocrisy]

5. Contraction on the Economy.

When overall, the price of consumer goods increase, customers/consumers reduce purchasing because they simply can't afford to purchase without the means to pay.

They can't return to the "strategy" during Shrub's time in office of taking out home equity loans in order to buy "groceries" and "eggs". They may drive their cars until they can't (although the price of parts will be increasing as well). They may thrift to get secondhand clothes. They will use the disposable income to pay rent, mortgages, insurance, etc. instead of going to the stores.

The U.S. shifted from a manufacturing entity to a consumer society for the basis of its economy. Therefore, less consumers injecting their dollars into the economy, it will contract.

Betcha TSF didn't think of that.