Do you know who pays the Tariff? I can assure you in this case it is not the tooth fairy. It’s you and I.
A Tariff is just a tax on the consumer.
You want proof?
Have you purchased a pickup in the last few years? Thank your Tariff for the hlow low prices... Did you know there is a 25% Tariff on pickup trucks? Hmm, now I wonder if domestic trucks have all ready factored that pricing into their MSRP...
But hey we need more Tariffs...
With Tariffs, every truck bought from us instead of them, stays in our economy; creating demand for services within our economy, by the truck's builder.
Instead of going overseas to circulate through the Chiconomy.
“A Tariff is just a tax on the consumer.”
..but only on goods from China, who would use the profits to build their military power against us and our allies.
In many cases, American producers (and those in other countries), will compete with each other on price to capture the market from the Chinese manufacturers, below the level of the tariff.
So some of the effect is consumers paying more, but some of the effect is consumers substituting suppliers. Some prices go up, but also our industry grows (providing more jobs, higher wages, more tax revenue, and growing a whole supply chain for new capacity added).
Asinine argument .
EVERY tax is a tax on consumers. So what?
Also have the option of purchasing non-tariffed goods.
What an apropos moniker. Not the brightest bulb in the marque are you?
https://www.youtube.com/watch?v=uCZ58OJjrFU
https://www.youtube.com/watch?v=Xg-0z5RWbAU
That and the US labor market is tightening hard core. Wages are going up. On top of that China subsidizes a lot of their industry. Their economies of scale are going to nose dive and boy is that going to cost them a lot. China can not win this. We are going to beat them like a rented mule.
US demand curves are going to shift as are Chinese supply curves to our benefit and their determent.
I’d rather pay inflated prices than welfare payments any day. What ever trade barriers any country places on our goods we should return in kind. It’s not that we want tariffs and (seems you) globalists know it. We want free trade in both directions or no trade.
You are correct but this is a political tool not an economic one. As Trump has said this is a step toward no tariffs across the world.
You only pay the tarriff if you’re stupid enough to continue to buy Chinese junk. It’s not about cheap goods. It’s about jobs and having local products. Open your eyes
And the fastest way for that to happen would be for Chinese firms who are profitable not just on labor to build that new plant and equipment here. Sometimes just the uncertainty of tariffs is enough: just ask Foxconn.
That's how the US became the world's greatest industrial power: we had high tariff barriers up until the post-WWII period. Until then, foreign manufacturers had to set-up shop here to compete or invest in American firms and transfer technology.
Sound familiar?
This failed neo con old school thinking ( or non-thinking ). You are applying a static model to very dynamic economic situation which is stupid and myopic BEYOND BELIEF.
What Free Traitors want you to believe is that the supply function is static and no new domestic suppliers will EVER come on line. Despite their best efforts brand new factories are still being built in the USA all the time. Not as many as are closed mind you but the situation is dynamic and not static. With more domestic supply will mean pressure to reduce prices.
The mental midgets we lovingly call Free Traitors are some of the most myopic people on earth.
You are making allegations that cannot be proven.
This too shall pass ...
They will find out. No one will complain until it hits them..and it will