Whatever happened to tariffs?

Netanyahu and his genocidal warmongering got in the way.

That's BS, R1. What got in the way was T's crumbling approval rates among his followers.

Dump has asked China to intervene to make sure the Strait of Hormuz stays open. What do you think China will want in return? Hint: it will be a whole lot more than tariff relief.

A 10% tariff on all US imports was levied in April. It's going to cost you money.

What's happening:

R3 China's oil comes through the Straits of Hormuz.

Do you really think they want it shut down?

You can already see the impact of tariffs if you know where to look. Hardware, electronics, tourism and the freight sector took early hits. The ripple effect from freight layoffs, coupled with likely increases in gas prices as tensions escalate in the Middle East, will inflict more pain in the months (probably years) to come.

a friend who imports artisanal goods from italy says that his prices are going up mainly because the dollar is in the toilet

R5, China has been stockpiling oil. They were very prepared for this scenario, they have over one billion barrels of oil in their reserves.

r8 They are also converting to electric vehicles very quickly. Three of the world's largest manufacturers of electric vehicles are in China - but we can't buy those vehicles here in the US. Although there are serious problems with planned centralized economies, they can do much more rapid changeovers to new technologies, by forcing their citizenry to buy them. They can also upgrade infrastructure very quickly - because they can just acquire right of ways by eminent domain and ignore any possible damage to the environment or to historical relics. Sometimes all of that backfires spectacularly, such as the dozen or so ghost cities in China, filled with empty streets and unused skyscrapers. But their rail system is a marvel.

I just saw a video on Youtube claiming that Dollar Tree will raise it's prices from $1.25 to $1.75 in a few days. They should just rebrand to $2 Dollar Tree

TACO happened

Dollar Tree has tons of stuff over 2.00 now.

Groceries are shooting up as we speak.

Not a peep from the press though, given their absolute inability to multitask.