toomuchtime_
Gold Member
- Dec 29, 2008
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I'm not sure what products you are talking about, but because of tariffs and tax cuts and deregulation, a South Korean firm is setting up a factory in the US, Wisconsin, I think, to manufacture flat screen tv's for the US market in competition with flat screen tv's currently made in South Korea and China.So if you are what economists consider a rational consumer you will prefer a domestic product at a lower price, hence creating more jobs for Americans and more tax revenues for the government.We need tariffs to regulate imports/exports, not subsidies.
I've been saying that for around a decade or more.
Tariffs are a socialist tool and are nothing more than a tax on the consumer buying the product.
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Except when you have to use them on other countries' products because they use them on yours.
When those products come here and we the people buy them, we are paying the tariff.
The problem with that is that for many products, is that the import is far less expense and the tariffs are not enough to make it more than the American made and if it did then fewer people would be able to afford it, so there is no gain in revenues