Yeah but this doesn’t really fix anything. Now the US companies just charge higher to match the Chinese products, and now we have something called artificial inflation.
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You seriously need to read about how tarrif works.
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You realize that highest costs are pass on to the consumer, right? Corporations don’t (and in many cases can’t) just soak up increased costs caused by the ridiculous ideas a misguided lunatic and convicted felon.
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100% AGREED! Thank you, PrinterMcgee.
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It is ALWAYS the consumer who ends up paying the tariffs. That’s where the money comes from, not the government. All of the money comes from the consumer, always. That is where the government gets it money to pay those tariffs. Consumers pay for everything, they pay for wars, they pay for scientific research, they pay for law enforcement… Money can come from no place except consumers who buy stuff, like 3D printers and pay taxes. If the orange idiot levies higher tariffs, ultimately, it is going to cost you an me, the consumers who buy stuff, will either pay more or do without. There simply is no other way.
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where do you think the government gets it money to pay those tariffs?
You would need to read the post I was responding to.
fwiw, parts prices have gone up also.
An A1 nozzle used to cost $10 and change and now costs $12 and change.
I didn’t vote for this, so don’t blame me.
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A government doesn’t pay tarrifs (unless the government buys items that are under tarrifs)
A tarrif is a surcharge on a product, the cost will always end at the consumer.
In Denmark we have quite high tarrifs.
There is a system created in Europe, so that when you order something from Alixpress (and other companies that utillises this), the tarrifs are automatically added to the cost, and prepaid by aliexpress, so the end consumer sees the right price all along (with the correct tarrifs), and will not be burdened with the extra bureaucracy of paying taxes.
If a company outside Europe doesn’t use this tarrif system for the EU, the consumer will be charged a fee for handling (depending on the transporter the fee can be from $30 to $60) and then pay taxes before the item is released.
Interestingly, a lot of american goods will go up in prices (especially those with electronics) as american companies import a lot of stuff for their goods, and all those components will have tarrifs on them.
An example: an “American” Tesla will go way up in price because of the tarrifs, as Mush has moved the production of cars to Mexico.
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It’s not always true that the customer will pay for tariffs or more precisely will pay a higher price than before the tariff has increased. It all depends on the product and your market. The wise move is to increase tariffs on products that are directly competing with products your country manufactures. Increasing tariff on french cheese in the US for example makes no sense, there is no competing market in the US so the french cheese will be more expensive to the customer to account for the increase in tariff. This is up to a point though until the price becomes too high that you lose sales and you reduce your price to account for it but the price will never totally account for it, the seller will just reduce its margin a bit but the final product will still be a little more expensive. If you increase the tarriff of foreign cars that directly compete against your own manufacturer’s then it makes sense, the foreign manufacturer to compete on the US market will reduce its price to be able to still compete or (and that’s unfortunately what often occurs) your own manufacturers see this as an opportunity to increase its own prices. In the end increasing tariffs too much hurts the foreign manufacturers a bit but mainly the consumers.
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Well that is not the case here, it’s broad strokes 25%.
The only products that has a margin that could reduce their prices that much are luxury goods.
The rich people buy them, they don’t care about the price increase, so the manufacturer does not reduce the price (eg. fashion industry).
The quality food product from europe, name anything, does not have a margin of 25%, so the prices will go up, they will now become a luxury item.
Last time the US did this (yes, they’ve done it before), was with the Smoot–Hawley Tariff Act which accelerated the Great Depression.
But let’s stop arguing, you can have the orange grifter, the only goal for him is lining his own pockets, he doesn’t care about the rest of the you. He does not understand National Economy, probably because he never graduated College.
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While we are thinking the foreign government pays your terriffs lets spread the belief that in response, our wages will go up too because of those terrifs.
The reality is that the consumer ultimately pays the Tariff, prices go up, domestic companies raise their price to match, the CEO and the stockholders benefit while wages remain the same.
Welcome to the Great Bamboozle.
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Apparently at least 51% if not more, will believe anything people with wealth or power tell them.
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Looks like most people missed your smiley face. Oh well.
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Sarcasm, the original click bait! Love it!
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22.5% of the US population. 49.81% of the people who voted.
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Then about half of the country doesn’t care and are ok having the other half decide on tariffs and some other minor stuff like invading greenland or making a luxury resort from a war torn country. That’s ok.
And that you don’t need the majority vote is like baked in into the US election system right? In France they do a second election round between the two biggest parties before they select their almighty ruler, ensuring there is a majority vote. ain’t nobody got time for that…
In the Netherlands they have a parliament of 150 representatives from 16 parties that proportionally represent their voters. But then there is not just one guy that can change the course of a country with a single signature and they have to agree with at least half of parliament before anything rash can be decided. Where is the fun in that?
So yeah, no democracy is perfect, but anarchy only sounds fun in the short run. And if you don’t like the results you can vote again in just 4 years (He wouldn’t change the election process… Right?..)
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Well our system definitely has it’s flaws, but it’s a tough pill to swallow that the checks and balances that we learned about in grade school apparently are only followed by choice. No one told us that if the people in power decide to do whatever they want, that’s fine too.
The last 4 years would have been a good time to put some safeguards in place. Convicted felons can’t vote but they can run for president? Presidents who were successfully impeached twice can run again? There’s no maximum age to run for president?
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While the kingdoms squabble, the real enemy gathers. Heat instead of cold but same idea.
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