martybegan
Diamond Member
- Apr 5, 2010
- 82,382
- 33,810
- 2,300
Yep I bet Trump starts proposing that soon and you end up supporting it.A tariff increases the domestic price of its targeted product 100% of the time. And higher prices lower demand 100% of the time.We profit from their subsidies. Their big gubmints pay a big chunk of the price of their products for us.The issue is their subsidies, which is why we need our own tarriffs.
A tariff makes a country pay more for its own product, while making it more expensive for other countries to buy that product too. The result is less demand, less supply, and less production. Wealh destroyed.
A tarriff makes consumers pay more for an imported product, or pay as much as they would for a domestic product if the imported one can be made cheaper.
you are thinking of an export tax.
And the demand for steel and aluminum will not be subsided by a 25% and 10% tarriff respectively.
Thank you for arguing against increasing the minimum wage for burger flippers.
No, I wouldn't.
besides the tariff thing may just be a negotiating ploy.