prove it!!!Destroying wealth creates jobs. Economics 101, folks.Don't look now but your Anti-Americanism is showing.
Tariffs will go up but so will American employment opportunities...... Like you care....![]()
You're too stupid to be in this thread....
The things we're importing from China now will go up in price. They won't be destroyed, just go up in price.
That will make American manufacturers competitive. Competitive American manufacturing means they will hire more Americans in order to produce more stuff.
Will pricing go up? Yes, it will. But that is ONLY because Americans get paid more than Chinese.
But, even if you were intelligent enough to understand that (you're not) you wouldn't care.
In the end, Americans will be better off.
China cheats like a bitch in everything they do.
Americans will go back to work, Companies that thought about leaving for China won't, more taxes will be paid through employers and employees alike and the only people that will get hurt is the Chinese.
This could absolutely cripple their economy. I mean, send them into an economic depression.
Us? The USA? Not even a speed bump.
Let the Chinese eat their rubber dog shit. See how it tastes.
You are the stupid one.
Tariffs on washing machines have cost consumers around $1.5 billion dollars. American producers raised prices on washers and since dryers are often sold at the same price, dryers went up as well.
This will not be brought to the US as some goods are too inexpensive to be made profitably in this country.
Kudlow disagrees with you. He admits this will hurt both countries. GDP will go down and the GDP only grew 3.2% in the last quarter due only to one time factors.
Larry Kudlow, the director of the National Economic Council, told Fox News on Sunday that “both sides will suffer” if the escalating trade war continues, admitting that U.S. businesses and consumers will be hurt by the raised tariffs the administration approved on Friday.
Even Trump’s Own Advisers Say the Trade War Will Hurt the U.S.
'Instead of increasing washer prices by 25%, domestic manufacturers apparently increased them by 12%, and hid another 12% increase on a good of roughly the same price that is usually bought along with a new washer.
Flaanen, Hortaçsu, and Tuntelnot estimate that the cost for the American consumer was $1.5 billion (in the first year). This cost minus the $82 million collected by the Treasury in tariffs means that each new job created in domestic production (estimated to number 1,600) will cost $800,000 (during the first year).
Effects of the 2018 Tariffs on Washing Machines - Econlib