“Doing your own research” means watching one or two YouTube videos or Facebook posts as far as these people are concerned. No thought for themselves, just parrot what you hear.
What do you tell the people who are in fact thinking themselves and concluding that:
adding tariffs is a good thing for the US workers. for one, it ensures that resources (like aluminum) are being sourced from within the US, adding extra mining jobs. For two, it means that complex goods tend to be manufactured/assembled within the US, again adding labor/assembly jobs. For three, why should the product become more expensive to the end user if it’s the same production process being employed?
I don’t understand why this even needs to be researched. I’m no economist and I don’t know much about tariffs, but: costs more to get product to me for any reason = product costs me more. When has that ever not been the case? What am I missing?
I think what you’re missing might be that you’re assuming that the producers stay the same over time. I.e. if it costs more to get that product to you from China, then an US company would produce it instead in the future to circumvent the tariffs. That brings labor/jobs to the US. I think that is the idea behind the tariffs. Any questions left?
Assuming availability of goods and materials (which isn’t a given but let’s pretend it is) the friction there is set up costs in a fickle, unstable legislative environment in which tarrifs can be withdrawn at any time.
Hey, you have to factor in things like market capture! They could be operating entirely at a loss just to ensure no other competitor can operate in the same market.
“Doing your own research” means watching one or two YouTube videos or Facebook posts as far as these people are concerned. No thought for themselves, just parrot what you hear.
What do you tell the people who are in fact thinking themselves and concluding that:
adding tariffs is a good thing for the US workers. for one, it ensures that resources (like aluminum) are being sourced from within the US, adding extra mining jobs. For two, it means that complex goods tend to be manufactured/assembled within the US, again adding labor/assembly jobs. For three, why should the product become more expensive to the end user if it’s the same production process being employed?
What kills me is that we shouldn’t be researching a thing that was taught in school.
Actual footage of us GenX kids learning about The Hawley-Smoot Tariff Act.
I don’t understand why this even needs to be researched. I’m no economist and I don’t know much about tariffs, but: costs more to get product to me for any reason = product costs me more. When has that ever not been the case? What am I missing?
I think what you’re missing might be that you’re assuming that the producers stay the same over time. I.e. if it costs more to get that product to you from China, then an US company would produce it instead in the future to circumvent the tariffs. That brings labor/jobs to the US. I think that is the idea behind the tariffs. Any questions left?
Assuming availability of goods and materials (which isn’t a given but let’s pretend it is) the friction there is set up costs in a fickle, unstable legislative environment in which tarrifs can be withdrawn at any time.
Hey, you have to factor in things like market capture! They could be operating entirely at a loss just to ensure no other competitor can operate in the same market.
(/s because duh more cost = more price)