3 ms·

They are a little bit like a sales tax, except only for things not made in this country.

• g947o 8mo ago
  Like, at least 50% of the things you use every day, from phone and laptops to kitchen utensils.
  • Alupis 8mo ago
    For today, sure. People act like 365 days is long enough to change consumer spending habits, and onshore production facilities that took years to offshore. If tariffs are held strong, there will be two possible outcomes: 1) Domestic production will be increased (via American businesses as well as onshoring foreign businesses), providing jobs and ultimately lower-cost products 2) International tariffs will be decreased across the board - resulting in a more level field for American businesses to compete in foreign nations Few realize American goods have been tariffed internationally for decades, resulting in a difficult-or-impossible business climate for American businesses. The situation is akin to Wall Street's infamous short-term outcome favorability. Tariffs are a long-term game, and people have to be willing to trade some short-term outcomes for the long-term economic health of America and it's businesses (and jobs, wages, etc).
    • Aloisius 8mo ago
      > ultimately lower-cost products When has reduced competition ever resulted in lower-cost products? Even for goods we already mass produce, companies respond to tariffs of their competitor's goods by hiking their own prices up.
      • Alupis 8mo ago
        Reduced competition is a near-term affect. Demand will remain constant (or increase) for goods, so businesses will open and compete over the long-term. In the future it will be cheaper to purchase domestically produced goods vs. import them from half a world away...
    • brodouevencode 8mo ago
      Not sure why you are getting downvoted - nothing you have said is incorrect. Given the parent comments my guess is that it's because you're speaking in purely economic terms and not grounded in political ideology.