Who is going to profit?

The first quarter of 2025 is going to be rough.

Does he even understand what tariffs do? Like, who ends up paying for them? He wants to impose a 25% tax on our two most important agricultural partners, and also on our trade partner, China. In the middle of winter, fruit and vegetable prices will be launched skyward. I also expect that the big grocery chains will see this as an opportunity for even greater price gouging. Didn’t he campaign on complaining that grocery bills were too damn high?

He also tried this before in 2018, slapping more tariffs on goods from China. It doesn’t seem to have worked.

I think my Christmas present to my wife and myself will be all about stocking the pantry in December, and maybe we’ll have to expand the backyard garden in the spring.

Do we have to remind him of Smoot-Hawley? I hate having to dust off my high school civics knowledge.