#StopLossStrategies
An approach to how much America gains and loses from imposing tariffs
Loss
The number of households in America is approximately 132 million households
Predictions say that each household will lose 4000$ in the year due to an increase in the value of goods because of tariffs
Which is equivalent to 528$ billion dollars annually
Profit
Tariffs have been raised from an average of 2.2% to 17%
That is a 15% increase in tariffs
The total amount imported by America last year was 3.35 trillion dollars, which means that the customs revenue from this amount at a 15% tariff would be 502 billion dollars, with a difference of 26 billion dollars
There will also be fees imposed by countries in retaliation
This means that these fees will not reduce the American trade deficit at all
As happened with China six years ago, where the trade deficit was 300 billion dollars and is still 300 billion dollars to this day
America needs to look for the flaws that caused American companies to move manufacturing outside the country, which are the high taxes
In general, the current economic war will increase global inflation by approximately 2%
And it may weaken the demand for American goods, which weakens the dollar