Not worried. US businesses will keep buying, they just pay a higher tax on them.
Two things will happen: either it comes out of the margins of US businesses, or it comes out of the pockets of US consumers. The only harm that comes to the "targeted" countries is that some US businesses will perish, and manufacturers will have to sell their goods to someone else. Other US businesses will then be able to afford jacking their prices because of raised demand.
In the end, it just means higher prices on goods in the US. Also, probably higher construction prices on houses in the US. But will likely help increase the value on property. So if your capital gains tax is low (not sure what it is in the US, but I believe there is a 100,000 USD threshold), this is good for you as a home owner. If you're not a home owner, it will probably fucking suck, because the knock on effect is higher housing prices and higher rent, more chance for land lords to seek evictions - Trump knows how that game works.
Last edited by Jumpin - on 31 January 2025I describe myself as a little dose of toxic masculinity.
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