What will happen to your mortgage if ‘tariff man’ Trump wins the White House ?

@sunsporter1649 Maybe the legislation surrounding some of them wasn't easy to unwind, but tariff's per-se are not bad or evil but that can definitely be used for bad and evil intentions, like Trump's idea of a flat tariff on all Chinese imports. I don't think Biden's 100 pct tariff on Chinese EV's is really very useful, as neither Ford or GM are really keen about being pushed into making a fully EV-only product line, and Tesla is not the cult darling Elon once hoped it was. But on the flipside, here in Australia we're flooded now with Chinese made EV's and non-EV's and driving down the quality equation is just delaying the inevitable. Yet at the same time Aussies won't pay for top quality anymore.

@zonavar68 Why are you so bothered by American tariff legislation?

@sunsporter1649 Because depending what happens the flow-on effects for the global economy could lead to a surge in inflation (much worse than the 'false surge' that occured post-covid) but Trump might want that as it stimulates the 'big end' of town and continues the Covid-era accelerated wealth concentration of elite.

@Moneyonmymind Getting mine last year was a pure fluke of luck with how things worked out. But I'm going to paying it off long past retirement age (which for me is probably going to be around 70).