Yes and no, they’re a tax that’s supposed to diswage people buying specific products from a specific country (eg. A Tariff on Chinese cars, or on Canadian Beef). Ideally they’d be a much cheaper alternative from another country sitting right next to it at the store (eg Japanese cars, or Australian beef).
However Trump is tariffing multiple countries at the same time, and trying to do ao on primary materials (like steel, which will effect many industries).
You also need to have industry and actually produce your own versions of products. It’s complicated, and often not the right answer except for very specific circumstances.
Trump however is a bull in a China shop eroding confidence in the US market and in the US in general.
No, the more counties you’re leveling tariffs on, the more they become useless taxes on your own country ,- because they’re unavoidable, and not directing consumers well enough… The cumulative costs on your economy start to outweigh the benefits, which were supposed to be about bolstering domestic production/consumption of domestically made goods…
Everything looks like a nail to Trump’s Tariff hammer…
Yes and no, they’re a tax that’s supposed to diswage people buying specific products from a specific country (eg. A Tariff on Chinese cars, or on Canadian Beef). Ideally they’d be a much cheaper alternative from another country sitting right next to it at the store (eg Japanese cars, or Australian beef).
However Trump is tariffing multiple countries at the same time, and trying to do ao on primary materials (like steel, which will effect many industries).
You also need to have industry and actually produce your own versions of products. It’s complicated, and often not the right answer except for very specific circumstances.
Trump however is a bull in a China shop eroding confidence in the US market and in the US in general.
https://www.youtube.com/watch?v=Xzw2iBmRsjs
“diswage”?
I think he meant ‘dissuade’.
It’s when you insult someone’s earnings. A shortening of “I diss your wage”.
So because there are multiple countries that you have to pay a tax for, it’s not a tax??
No, the more counties you’re leveling tariffs on, the more they become useless taxes on your own country ,- because they’re unavoidable, and not directing consumers well enough… The cumulative costs on your economy start to outweigh the benefits, which were supposed to be about bolstering domestic production/consumption of domestically made goods…
Everything looks like a nail to Trump’s Tariff hammer…
But useless taxes are still taxes is what I mean