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Correct me if I'm wrong, but isn't the Trump admin's primary goal of tariffs to increase domestic production?
by droptablemain 2y ago
Correct me if I'm wrong, but isn't the Trump admin's primary goal of tariffs to increase domestic production?
- vdvsvwvwvwvwv 2y agoA china specific tarriff doesn't help there as there are plenty of other exporting countries. Tariffs in general might but what you have now is just more expensive stuff, so fewer sales. People importing materials and putting them together in the US simple make less profit. Apparently people making stuff and/or using immigrant labour are planning accordingly and taking immediate action. I.e. panic buys, layoffs etc.