Hilarious how tarriffs are a few against imports and we as a people pay those. The exporting country sees nothing and the importing companies have to pass on the cost.
So weird how a giant set of Americans don’t realize that it will raise the cost of almost everything.
I mean, the idea is, that the tarriffed stuff becomes less attractive compared to the non-tarriffed stuff due to the higher price, so less people will buy it and instead the nationally produced alternatives thus strengthening the national economy and and weakening the tarriffed ones.
Of course that can only work with stuff that has nationally produced (or at least non-tarriffed) alternatives.
Hilarious how tarriffs are a few against imports and we as a people pay those. The exporting country sees nothing and the importing companies have to pass on the cost. So weird how a giant set of Americans don’t realize that it will raise the cost of almost everything.
I mean, the idea is, that the tarriffed stuff becomes less attractive compared to the non-tarriffed stuff due to the higher price, so less people will buy it and instead the nationally produced alternatives thus strengthening the national economy and and weakening the tarriffed ones.
Of course that can only work with stuff that has nationally produced (or at least non-tarriffed) alternatives.
Exactly, the whole point of tariffs is to protect domestic industry. However, if that industry doesn’t exist then what’s being protected?