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To: econjack
It's like a hidden tax that raises our prices

It's not hidden. Don't buy, don't pay. It also promotes domestic industry, tariffs are WIN-WIN.

15 posted on 04/07/2021 12:16:39 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va

You’re talking about “protective” tariffs that are designed to help new industries develop. We did that in the late 1880’s with the steel industry. Those tariffs are still in place even though I’d judge the steel industry to be “mature”. I’d be very interested in the industries you’re alluding to that were “promoted” by tariffs.

It’s a Win-Win only if you think higher prices for things you buy is a win and a win for the gov’t that collects the tariff and does nothing to earn it.

Do without? Really? All of these have higher prices because of US tariffs:
Fruits and vegetables — 20%
Asparagus/sweet corn — 21.8%
Wool clothing — 25%
Most auto parts — 25%
Commercial plateware — 28%
Synthetic outerwear — 28.2%
Apricots, cantaloupe, dates — 29.8%
Clothes with synthetic fibers — 32%
Canned tuna — 35%
Sneakers— 48%
European meats, truffles, some cheeses — 100%
Shelled peanuts — 131%
Unshelled peanuts — 163%
Tobacco — 350%

If you buy anything that uses these products as either a final good or service or as an input, you’re paying the gov’t for doing nothing other than take money from you. And which industries do you think these are protecting?
(https://www.businessinsider.com/americas-biggest-tariffs-2010-9?op=1#why-all-the-tariffs-check-out-26)


16 posted on 04/07/2021 12:47:41 PM PDT by econjack
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