- 13 Jul 2018 02:46
His own party is putting the brakes on his stupidity... finally.
Still, it appears as though the damage is done...
- Trump’s imposed tariffs on China include health care equipment such as CT scanners, EKGs and X-ray tubes, according to USA Today. Increase in medical equipment translates into higher costs for health service providers and thus patients. Dozens of drugs and medical devices — such as epinephrine and insulin — are projected to spike in price.
The New York Times News Service reported that if these tariffs take effect,they would cost the medical device industry up to $1.5 billion each year, with the higher cost largely affecting baby boomers, who are big recipients of hip and knee replacements as well as insulin.
- Batteries imported from China will go up 23.8% in price. About 34% of lithium batteries sold in the U.S. are China imports, said the NRF-CTA report.
- Similar to TVs,83% of personal computer monitors sold in the U.S. are from China. This means prices on computer monitors are predicted to go up 23.5 percent, according to the NRF-CTA report.
-Levi Strauss has strongly opposed Trump’s trade barriers, unhappy with the fact that they may have to pay a 25% import tax as a result of the EU’s retaliatory tariffs against the U.S.
“We support open markets and free trade where everyone plays by the rules,” Levi Strauss said in a statement. “Unilateral tariff impositions risk retaliation and destabilizing the global economy, in which case American brands, workers and consumers will ultimately suffer.”
- U.S. solar installations doubled in 2016, according to CNBC, meaning there were over 1.3 million solar installations across the U.S. early last year. Not only are solar panel homes cost efficient, saving each home thousands of dollars yearly, they reduce each household’s carbon footprint — equal to “taking a car off the road,” per home.
The Solar Energy Industries Association predicts the new tax could cost as many as 23,000 U.S. jobs, as higher costs prompt homeowners and businesses to put off solar installations. (One out of every 10 jobs in the solar industry.)
Energy marketplace EnergySage estimated the taxes would add $500 to $1,000 to the cost of the typical home installation project.
“Let me never fall into the vulgar mistake of dreaming that I am persecuted whenever I am contradicted.” ― Ralph Waldo Emerson