WARNING: I have attempted to keep this post as apolitical as possible, but given the facts, I think some more sensitive people might be upset by conclusions I have drawn here from the facts, law, history, economics, and logic. If you might be one of those people, I posted two posts this week to cater to you. Here is the other post. Feel free to skip this one.
WARNING II: I guess this is why I have never covered current events here. As I was finishing up the article, all of the tariffs on countries but China were suspended for 90 days. I am still posting this because the tariff that matters to us the most, the steel one, seems to still be in place. While some may view this as a negotiation tactic, I think it is more likely a reaction to the strong negative financial news that will be spun as a negotiation tactic. It just might be that no one in charge knows what they are doing. Maybe. Possibly. SECOND UPDATE: While China has been hit with more tariffs even as the original 57 are suspended, tariffs that target smartphones, laptops, and computer chips were just announced as being exempt from tariffs. At this point, I am fairly certain that the tariff announcements are not part of a thought out plan.
As a lawyer and someone that writes about gear I have been asked this question about two dozen times since the start of the year:
Will tariffs be good for EDC market?
Simple answer: No. They will be terrible.
Longer answer: Buckle up, this is a mess of law, economics, steel, and logic.
Good for Anthony for tacking a controversial subject. I am sure someone will complain, but he is the owner of his blog.
Read the whole thing at EverydayCommentary.com
EverydayCommentary: Tariffs and EDC
Good for Anthony for tacking a controversial subject. I am sure someone will complain, but he is the owner of his blog.
Read the whole thing at EverydayCommentary.com