American voters are hilarious. Voted out the party trying to bolster Medicare and Medicaid. Then complain the party out of power for not stopping the cut.
Majority of people do not care, but certain very vocal and very rich people do care. AIPAC, wacky evangelical leaders who believe in end times, national security types who see Israel as paramount to US security in MidEast, etc. They get to influence policy because majority will not push back on their policy because Gaza is an afterthought.
Yup. US dollar is not the reserve currency because it's attractive. It is the reserve currency because there simply is no alternative. There simply is no asset that can hold hundreds of trillions of dollar.
Scott Bessent, Trump's Treasury Secretary, worked for George Soros, and was one of the key architect for the attack on British Sterling. Go read the wikipedia on Bessent if you don't believe me.
Tariff is a consumption tax. The poorest spends most of their income on consumption like groceries, clothing, car parts, etc. The price of all of that is going up.
Next stockmarket wipeout reduces wealth of middle class the most, who in turn reduces spending on services that employee working class people.
Poorest always gets hit the hardest in any negative economic event because they are poor.
Even if it was a local small business, they would be increasing price. Did you think they can absorb 30% tariff when their margin is single digits?