U.S. President Donald Trump has threatened to impose far larger tariffs on the European Union and Canada if they work together to combat trade tariffs.
Hey dipshit (not OP), the whole point of tariffs is to reduce imports. Of course a, sane person would ramp them up over time to allow any domestic production the chance to fill the gaps.
Not to mention some sectors will probably see a loss in revenue as costs become out of reach due to more expensive labour. Not to mention the movement of wealth from bottom to top also reduces people’s spending power so if you make things more expensive at the same time… Well… Wcgw? Lol.
I get the premise, it just seems silly. If a foreign company wants to give you steeply-discounted stuff, it seems like you ought to take the cheap stuff and enjoy it rather than worry about being unable to sell the same stuff as cheaply.
Hey dipshit (not OP), the whole point of tariffs is to reduce imports. Of course a, sane person would ramp them up over time to allow any domestic production the chance to fill the gaps.
Not to mention some sectors will probably see a loss in revenue as costs become out of reach due to more expensive labour. Not to mention the movement of wealth from bottom to top also reduces people’s spending power so if you make things more expensive at the same time… Well… Wcgw? Lol.
All you need to look at soybean and steel tariffs and brexit, all are result of successful Russian propagandam
Why would you want to reduce imports anyway?
“China is sending us cheap cars! What are we gonna do?!”
Idk man, drive the cars and use the money you saved for something else? Seems like a good deal to me.
They are often done to ensure local production of critical infrastructure or to compensate foreign markets from subsidizing their exports
I get the premise, it just seems silly. If a foreign company wants to give you steeply-discounted stuff, it seems like you ought to take the cheap stuff and enjoy it rather than worry about being unable to sell the same stuff as cheaply.