Given my flair, it’s pretty obvious that I’d like all tariffs to go to zero, as free trade promotes a better economy than protectionism. That said, the article points out some American companies that are getting hit hard by the remaining tariffs, like Ford that has to pay $2 billion per year. This is money that raises the price of Ford automobiles for Americans. It lowers the number of people that Ford can afford to employ. It hurts profits in a way that impacts everyone who owns Ford stock or an index/mutual fund that contains Ford stock, including through a 401-k or invested pension plan.
And Ford is just one of many companies impacted.
To quote Reagan: “The freer the flow of world trade, the stronger the tides for economic progress and peace among nations.”
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Given my flair, it’s pretty obvious that I’d like all tariffs to go to zero, as free trade promotes a better economy than protectionism. That said, the article points out some American companies that are getting hit hard by the remaining tariffs, like Ford that has to pay $2 billion per year. This is money that raises the price of Ford automobiles for Americans. It lowers the number of people that Ford can afford to employ. It hurts profits in a way that impacts everyone who owns Ford stock or an index/mutual fund that contains Ford stock, including through a 401-k or invested pension plan.
And Ford is just one of many companies impacted.
To quote Reagan: “The freer the flow of world trade, the stronger the tides for economic progress and peace among nations.”