Mujabad123 wrote: highdesertmesa wrote: Mujabad123 wrote: gdanmitchell wrote: tuomkok wrote:
Tariffs are not the only reason why prices are going up in US. Also the value of usd has fallen significantly in value compared to most other major currencies.
As someone living in Europe I am watching the changes in US in disbelief My prediction is that only a small portion of your self-inflicted inflation can be seen now. The consequences of the whole process will be visible in the longer term. I also do not believe that US prices would be reduced to the old level even if the tariffs were removed now.
We spent six weeks in Europe in April-June and had opportunities to speak to quite a few Europeans (and travelers from other parts of the world.) Almost uniformly the reaction was along the lines of yours — disbelief that what they regarded as a great country had done this damage to itself, incredulity that a nation that they thought was an ally was now attacking them, and a clear recognition of the self-harm that the US “policies” are producing.
(At the same time, for those who wonder, virtually everyone we met did not think this reflected on us as individuals, and we had no difficult or uncomfortable run-ins based on this.)
International trust in our great nation has been deeply undermined by this administration.
Agree! Add to that….incomprehensible absence of an organised opposition and/or a massive uproar among US citizens.
The tariffs that just went into effect won't hit most markets for 7 months, supposedly because most major retailers like Amazon and Walmart have pre-tariff stock that won't run out until then.
Most of us don't look up until something affects us directly and deeply.
Agree, but I was reacting on what gdanmitchell said about the sentiment in Europe regarding the USA in general. Beside tariffs it's also about the general attitude of the US administration towards Europe (negative, hostile and interfering with local politics). Too bad (and incomprehensible to many Europeans), that it will indeed probably take negative effects on US citizens, before any uproar will be visible (IF ANY….or if any is still possible at all!).
Signs seem to be so clear.
Unfortunately, Europe at large proved twice in 30 years that they cannot be trusted to not be nannied and had to be saved by outside forces. The only reason Europe still exists as it does is because a tremendous sacrifice was made by the rest of the world.
My prediction is that only a small portion of your self-inflicted inflation can be seen now. The consequences of the whole process will be visible in the longer term. I also do not believe that US prices would be reduced to the old level even if the tariffs were removed now.