American consumers have been saddled with $69 billion in added costs because of the tariffs the U.S. imposed last year, including on $250 billion on Chinese imports as well as levies on steel and aluminum, according to a study released by a quartet of economistsworking on a National Science Foundation grant.
WSJ
God bless the poor consumer, on a stormy sea of debt;
steep tariffs overflowing his frail craft with soggy threat.
Where once the eager shopper had a purse brimful of coin,
excise fees his greenbacks now do steadily purloin.
*
The government in Washington is trying to induce
overseas authorities to kill their golden goose.
Uncle Sam wants products made and bought on native soil.
(Doesn't matter if it's paid for by some Saudi oil.)
*
Goodbye to Chinese silks and teas, goodbye to Beaujolais.
Who wants to buy our chicken feet and soybeans today?
Conspicuous consumption is a thing of long ago;
I'll darn my socks and use a teabag twice til imposts go.
No comments:
Post a Comment