One of many problems with tariff policy is that big businesses have a direct phone line to Trump, he can dole out exemptions as favors or withhold them as extortion, meanwhile small businesses/consumers just have to bare the costs of all this.
Reposted from
FinTwitter
TRUMP HELD CALL TUESDAY WITH CEOS OF GM, FORD, STELLANTIS CHAIRMAN ON POTENTIAL AUTO TARIFF DELAY -- SOURCES
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Oh, you got an exception because you’re buddy buddy with Trump? Sure would be a shame if the retaliatory tariffs singled your firm out for extra pain.
I work for a company that manufactures the majority of our products in Mexico. So we will continue paying tariffs, yet one of our competitors (which is a European company) imports their products from a country in Asia, that isn't on the tariff list.
This all seems so arbitrary.
Working in finance I talked to so many that were infuriated they could not break IRS/DOL rules to enrich their own retirement accounts without contributing to their employees 401ks.
That’s why they have the bloody rules
That Trump made himself!
We’re witnessing a 4 year, slow moving crime spree.
https://www.wired.com/story/people-paying-millions-donald-trump-mar-a-lago/