“If he institutes a 35-percent penal tariff on every export from China, then most of what you buy at Walmart is 35 percent more expensive,” said Roger Entner, a wireless analyst at Recon Analytics.
The intention of plans like this is always to re-build the entire system and structure. That takes a long time, one assumes. So, what’s important is to describe how the transition phase works.
Another unstated assumption of such thinking is “corporations make too much profit,” that is, Apple and Wal-Mart should take the hit. I’d rather we be having a debate about that: how much money do individuals deserve versus corporate profits and how do we do anything about it?