4 ms·
> American consumers are the ones footing the bill, not the Corporate who pass the cost I see this a lot. Obviously, the idea is to create market space for loc
by _thisdot 2y ago
> American consumers are the ones footing the bill, not the Corporate who pass the cost
I see this a lot. Obviously, the idea is to create market space for local companies to compete in with a clear advantage.
I think India before 1990s used to have nearly 200% tariffs (I am not entirely sure on the numbers, but it was absurdly high). This did not fare well for India because quality products made in countries like US and Japan were incredibly expensive. Some companies got around this by forming alliances with local companies leading to companies like (Maruti-Suzuki, Hero-Honda, Mahindra-Ford, etc.)
But US seems to me in a position where they can impose tariffs on some competing countries and reasonably expect their local market to occupy the space created