5 ms·
It's a pretty simple theory -- if Americans have to pay 25% more for certain European goods, then they will be incentivized to purchase those goods elsewhere, t
by anonytrary 7y ago
It's a pretty simple theory -- if Americans have to pay 25% more for certain European goods, then they will be incentivized to purchase those goods elsewhere, therefore hurting Europe. Of course, this assumes the goods are fungible; this could backfire if no suitable substitute exists for those goods.
- myrandomcomment 7y agoSingle Malt Whisky starts out at a high price point. I do not think that anyone that normally would spend $ on this is going to care. Not quite the correct item to tax. Find something that is not a luxury with an equivalent US product.
- anonytrary 7y agoThis reasoning is only correct if the number of sales from rich people far exceeds those from poor/middle-class people. Since the latter group far outnumbers the former, I can't be sure that what you said is true.
- speedplane 7y ago> Single Malt Whisky starts out at a high price point. I do not think that anyone that normally would spend $ on this is going to care. Many high quality single malts are $40-50. Expensive for a daily drink, but within reach as an indulgence. The new tariffs will raise the price of the bottle by $10. That's not terribly significant on it's own, but knowing that buying a bottle contributes $10 on a needless trade war to feed a maniac's ego is pretty irritating.
- cobookman 7y agoWTO authorized the tariffs. This started way before trump. Read the article before blaming trump as sole cause
- _ph_ 7y agoAnd considering Scotch whisky, it comes at a very peculiar time. The EU might be stopping to export Scotch whisky in 4 weeks from now :p. Not sure how this applies to Irish whisky though. As a consequence of the whisky boom of the recent years, the Irish whisky industry had a rebirth.
- deleted 7y ago[deleted]