Comment by freddie_mercury
7 days ago
> every time tariffs were raised the local producers increased prices to be just below the imports.
That's literally how tariffs are supposed to work. I'm confused about what you thought should happen?
Local producers are supposed to raise prices so there is more money for worker pay or business reinvestment or both.
Or, you know, profits.
Capitalists only care about profits.
I live in a country where we have many protectionist tariffs and the locally produced goods are expensive and lower quality compared to imported goods which guarantees profits at the expense of consumers.
I don't understand why people still believe in this day and age that wages will ever increase despite data showing the opposite for literal decades.
If you frequent an American form as a non-American, you'll have noticed by now that for most Americans it's as if the rest of the world doesn't really exist. You can talk all you want about how the thing they're proposing has been done in other countries with terrible results. Or the thing they're saying it's inviable exists in many other countries and it just works. You'll be ignored either way
No, the foreigners pay the tariffs. Then that foreign money gets spent on childcare and other things Americans need and want.
How many times does Trump need to explain this to you?
No, you as an American consumer are paying the tariffs.
This was not immediately clear as sarcasm, I was worried about my name-sibling
Maybe that's how Trump believes tariffs work, but they are actually a tax on imports, that the importer pays. The importer passes that along to the American consumer.
Other countries are angry about this because it discourages importing from them, and their US exports may go down, or they may have to lower their US export prices. Not because they have to pay a fee or a tax to the US.