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The tariffs really struck me as contradictory to their intent. They said the tariffs would bring factory jobs back to America, but they seemed specifically des
by cptskippy 6y ago
The tariffs really struck me as contradictory to their intent. They said the tariffs would bring factory jobs back to America, but they seemed specifically designed to make most manufacturing more expensive.
Most finished products weren't taxed but raw materials were. So if someone wanted to setup a TV factory it would cost more to import the necessary parts.
- minikites 6y ago>The tariffs really struck me as contradictory to their intent. Welcome to the post-1980 Republican party.
- hiram112 6y ago> Most finished products weren't taxed but raw materials were. This is kind of a simplistic summary. The tariffs were targeted to ensure certain industries remain solvent in the US so we're not dependent on foreign imports. In some cases, that meant products farther down the manufacturing chain, and in others, closer to the source. For example, steel was one of "raw materials" we targeted. We might not be so concerned about finished products using steel at the moment (e.g. cars), but we want to ensure we can create tanks and fighter jets in wartime. So you'd expect we would tariff imported steel, but not cars, because the cost of the steel in a modern car (which is more than half its weight) is not that significant compared to the other components.