Subject: Re: Berkshire and Tariffs
Rayvt:

"US is the largest international market. If the rest of the world wants to sell to this major market (they do!) they will do whatever they need to. The US is the elephant in the room, everybody else has to work around that fact. After all, there is no reason that other countries MUST sell to the US. They can always decline to export goods the the USA."

OK, no argument from me. That said, the American consumer will have to understand that goods, whether from abroad (including tariffs) or made domesticly, will now cost considerably more.

While the many (most?) members of this board will not be financially damaged by this (pragmaticly if not emotionally), maintaining their current standard of living for a major portion of the poipulation will not be possible without either going into debt or geetting higher wages (for a textbook definition of inflation).

From a selfish personal standpoint, whether the lamb chops I buy a Costco come from New Zealand or Minnisotta has not mattered as much as the value of the package. If the lable stating their origin changes in concert with a price increse, I'll likely notice the latter change before the former.

Jeff