3 ms·

We will lose, not gain. Tariffs will be paid for by consumers, every dime, make no mistake.

• georgeecollins 2y ago
  I agree its a terrible idea, but an economics text book will tell you that a tax on a transaction will be split between buyers and sellers based on the elasticity of demand. So its not quite that simple. But imo not a good idea either.
• thordenmark 2y ago
  Domestic competition will mitigate those costs.
  • ceejayoz 2y ago
    That is highly unlikely.
    • voisin 2y ago
      On what basis?
      • ceejayoz 2y ago
        On the basis that it contradicts every past case of major tariffs on record? On the basis that the US can’t compete with China on labor costs and production capacity in any feasible or pleasant scenario.
  • TylerE 2y ago
    Those domestic producers depend on materials and components that are imported. Domestic production will also be highly negatively impacted by foxes increasing on everything from computers to steel to truck parts.