Papageorgio
The Ultimate Winner
It starts with the rhetoric. Then it goes to the demands.
Then you pull out of trade agreements like TPP & soon NAFTA.
You then call our best trading partners, Canada & Mexico, names & insult their leaders.
Then you slap tariffs on products.
What will happen when other countries call the Trump tax cut on corporations a government subsidy & use it to slap tariffs on US goods.
These decisions Trump makes have consequences. Consequence he either ignores or is too stupid to know?
Slapping that tariff on solar panels might help the US panel manufacturers but it makes solar energy more expensive & the industry expects to lose tens of thousands of jobs. Of course, making solar more expensive helps the fossil fuel industry (Trump's buddies) while increasing our greenhouse gas emissions.
Who pays these tariffs, US consumers.
Don’t buy solar panels and buy American stuff. Problem solved. It’s when the tariff gets slapped on food, that’s when you see where folks REALLY stand on trade wars.
Here’s the problem with that:
1. Most likely China and South Korea will retaliate thus making American products more expensive as it is and harder to compete overseas.
2. Most likely these countries will lower their prices to compensate thus making those products still cheaper than American made.
3. It doesn’t make sense when loosing 23,000 jobs then at the same time we are paying more for higher prices.
4. Currently Samsung ( washing machines ) has about 20,000 workers here in US. They just invested another $380 millions to create another 1,000 jobs in Newberry, SC. What do you think will happen if these shutdown at the same we still paying higher prices?
5. Just because you are a Trump followers that is willing to pay for higher prices. It doesn’t mean you represents the whole Americas willing to accept paying higher prices.
Every time we have a trade wars the biggest losers are the consumers.
So if these countries lower their prices how does the American consumer lose? They are paying the same price plus we are getting a tax on the imports. That part of your argument supports the hike in the import tax. Now, if the price is the same that it was before, then there will be no job losses because of the increased tariff.