I don't think the tariffs will have a great affect to the cost of owning a sailboat. Ö
Probably true, at least in the short run. It will start to bite for all westerners around the world eventually. I see Canada is imposing a 10% duty on American made boats and motors. Iím sure Canada isnít overall a huge market for American boats, but itís not insignificant either, and probably quite important for some US companies or regions.
I think the true economic stressors to boat ownership might be on the world economy as a whole, not just the goods being taxed. This trade war could lead to a global downturn. Trump looks at all transactions as a Zero Sum Game: The US economy can win only if our trade partners loose. I think he was shocked that the tariffs are being retaliated against, and he may continue to escalate the trade war. Since this is not a global trade war it is 'the US vs it's trading partners', eventually the trading partners will find it's easier and cheaper to get their goods from other countries.
This is exactly right. Trump doesnít understand trade, or if he does, he doesnít understand global free market capitalism, which is the system championed by, and for the benefit of, the USA and its allies beginning in the early 20th century (and perhaps earlier). His actions can only lead to more economic pain, especially for the middle class.
Like I said earlier, Trump also appears to be making a basic mistake with regard to how people react when bullied. Some fold, but those who can fight back, do so, even when it negatively affects them. Study after study shows this to be true about human nature.
Trump is clearly a narcissistic bully whoís previous life success have come by being the biggest dog in the fight. His history abusing the ďlittle guysĒ is well documented. So itís no wonder he is taking the same approach to international relations; after all, the USA is the biggest dog in the ring.
Itís also interesting how he surrounds himself with toadies. Anyone who may dare to question him, or even suggest alternative approaches, gets shown the door. Heís now got what he wants: a room full of ďyes men (and women).Ē
I still predict people will begin to wake up to this con man fairly soon. The Republicans will find their collective backbone when most of them see heís dragging their ship down with at the polls in November. At least this is my hope.