With inflation rising, and gas prices climbing, millions of families across the nation are struggling. It’s extremely worrying—that families can’t afford weekly groceries or the gas to fill their car tank.
Yes, you read that right. Many of America’s largest corporations have not only emerged unscathed from the COVID pandemic but are earning more money than ever. And yet, they now want to bank even more profit; they’re asking President Biden to roll back the tariffs imposed in 2018 to address years of cheating by China.
Automated vehicles move shipping containers in a container port in Qingdao in eastern China's Shandong Province, Thursday, Jan. 12, 2021. The U.S.-Chinese trade didn't disappear when President Joe Biden took office. But now there are calls to remove tariffs against China to help counter inflation. Their request to cut tariffs is entirely self-serving, of course, since they’re simply hoping to import more goods from China.
Still, some multinationals are looking to further boost profits. In 2021, Apple reported a net income of
Big businesses are in the market... Businesses maximize profits to give back to their shareholders. They would be fools, not to. Perhaps the writer and the 🤡's Pennlive need Economics 101