A Wave Of Panic Buying Has Suddenly Erupted At Retailers All Over America

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Title : A Wave Of Panic Buying Has Suddenly Erupted At Retailers All Over America
Link : A Wave Of Panic Buying Has Suddenly Erupted At Retailers All Over America

Do you remember the panic buying that we witnessed during the early days of the pandemic? It’s back, and I have a feeling that it is only going to intensify in the days ahead. As more Americans begin to realize that products made in China will soon more than double in price and that some may no longer be available at all, there will be a feverish rush to purchase Chinese-made goods. Ironically, this may actually give a short-term boost to the U.S. economy, and the economic numbers for the first half of this year may end up looking better than they otherwise would have .Before I get too deep into this article, there are a couple of things that I want to clarify.

First of all, I do not think that the U.S. should have ever begun trading with communist China at all, because communist China has always been an incredibly evil regime. Secondly, it was a catastrophic error for the U.S. to become so deeply dependent on imports from China. This is something that I have been writing about for years. Our stores are now teeming with products that were made in China, and thousands of our supply chains simply cannot function without equipment, parts or products that come from China.

But our leaders refused to listen to those of us that were sounding the alarm, and now we have a real mess on our hands. Because we have become so deeply dependent on China, the trade war that has now begun is really going to hurt, and everyone should be able to see that. On Thursday, the White House confirmed that the total tariff rate on Chinese imports has now risen to 145 percent… (Read More)