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While I don't think that subsidies and trade wars are good things. The tariffs collected a lot more than was spent on those agriculture subsidies.
by zosterops 7y ago
While I don't think that subsidies and trade wars are good things. The tariffs collected a lot more than was spent on those agriculture subsidies.
- DFHippie 7y agoYou are aware that the money collected by the tariffs was extracted from American pockets, right, not Chinese? So you are describing a tax and transfer program: Americans who buy Chinese goods are taxed to compensate Americans who are losing income due to the trade war with China.
- zosterops 7y agoIn the case when prices are increased to cover the tariffs, yes. However, right now the Chinese manufacturers are eating the costs.