Destroying wealth creates jobs. Economics 101, folks.
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.
Another ignorant Trumpbot who has no clue about macroeconomics.
Okay dufus - I'll try to make it so simple even you can understand it.
If you have two widgets sold in America and of equal quality. One is made in China and costs $10. One is made in America and costs $12. Now, thanks to Trump's tariffs...that Chinese made widget costs $15. So, naturally, people start buying the American widget...but not for $12.
You see, the American corporation knows they can jack the price up to $13.50 and still be undercutting the Chinese widget nicely. So that is what they will do. That is how business operates.
Result?
American consumers - many of whom are poor/on fixed incomes and depended on that cheap Chinese widget to make ends meet - now have to pay 35% more for the same product. So that means they have less money to spend on other things. That's called 'inflation'. And that could hurt the poor a TON.
And what about these jobs you think will result?
They will only be temporary. Since the extra sales are SOLELY based on the tariffs and since the tariffs could be removed at any time, there is NO WAY that a company is going to build a new factory for the added production. So they will just add another shift or something similar.
Finally, the tariffs will cost jobs as many American companies depend on cheap Chinese imports so that they can manufacture their products cheaper. With that source gone, they will have to use more expensive components. This will raise the price of their products (more inflation) and cause layoffs as they lose competitiveness.
Trump’s lumber tariffs to cause job losses, higher home prices
Trump's massive new tariffs could end up costing America 146,000 jobs
Here's How Many Jobs America Could Lose Because of the Trump Tariffs
So what is the result?
Some temporary, added US jobs. Much higher prices for consumers and US jobs losses.
I realize you Trumpbots either cannot or will not read anything negative against your messiah. But Trump's tariffs will not help the US economy ONE LITTLE BIT.
That is why the markets are tanking every time the trade deal rumors are bad.
School is out.
And since you obviously learned nothing (because Trumpbots NEVER seem to learn)...you get an 'F'.
We are done here (for now).
Have a nice day.
You are wrong on 1 thing. Domestic producers will raise their prices to $15. That is what they did with washing machines.
