What happens when China invades Taiwan, and this ‘perfect’ free market global supply chain is interrupted, intentionally or unintentionally?
It’s country’s best interest, natinoal security and economy wise, to make adjustments sooner.
And for items other than major appliances, i highly doubt that the tariff impact on goods from China should be anywhere near 5% of its price tag found in store, given how cheap the cost of goods is. So for example, your $20 Christmas lights found in store, i can buy on Taobao now for $3-$5. Gues what price Walmart can get