Redfish
Diamond Member
Lol, nice straw man kiddo, did you build it all by yourself?
no straw, just economic facts. higher corporate taxes = higher prices, higher prices = less consumer spending, less spending = lower markets.
its not complicated.
and a tariff is nothing more than a tax, so it works the same way.[/QUOTE]
the difference is that a tariff is a tax on the importing country. They have a choice, either pass the tariff along to the consumers and lose business because domestic products are now price competitive, or absorb the tariff, which is what China is doing, and reduce their profit margin.
It works, its working now, China's economy has been crashing and they are now asking for trade talks to resume and saying they want to make a deal.