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You are correct. So you're acknowledging what Trump has been saying-that we are not competing in a free market, rather in one where trade deals are a given-and where we have allowed other nations to compete with an unfair advantage.
You are correct. So you're acknowledging what Trump has been saying-that we are not competing in a free market, rather in one where trade deals are a given-and where we have allowed other nations to compete with an unfair advantage.
The US does that all the time. Just look at big sugar
You are correct. So you're acknowledging what Trump has been saying-that we are not competing in a free market, rather in one where trade deals are a given-and where we have allowed other nations to compete with an unfair advantage.
He's "negotiating" for a trade deal. I've long argued we are not a Capitalistic Free Market economy like many claim.
The prices of Chinesse goods does not, in most cases raise the sale price in the USA. There is always a market price for the product. If the tarriff makes the price too high, the purchaser will substitute something else. The tarriffs will make it harder for chinesse made goods to compete.
Tariffs seem easy to understand, if im making a widget for a dollar and you put a 50 cent tariff on that widget that widget will now cost you a buck fifty, considering Americas big box stores and more and more produce in grocery stores are being stocked with made in China products expect a raise in prices on manày items to match the tariffs..
The prices of Chinesse goods does not, in most cases raise the sale price in the USA. There is always a market price for the product. If the tarriff makes the price too high, the purchaser will substitute something else. The tarriffs will make it harder for chinesse made goods to compete.
Not really. If the cost of making a widget is $1 in China and $2 in the USA then and a $0.50 tariff is levied on the Chinese widget, then the American consumer is faced with the binary choice of either purchasing a widget for $1.50 or $2.00. Your assumption (that the purchaser has the option to "substitute something else") incorrectly presupposes that an alternative tariff-free widget exists in the US market.
If such a product existed, then a tariff ostensibly aimed at bringing manufacturing jobs back to the US would be utterly ineffective.
This leads into why tariffs are a cost levied on consumers but corporate tax cuts are not a benefit passed on to consumers. Tariffs are only effective if they raise the price of foreign products to the point where US-made products become competitive and US manufacturers start to make them (meaning the US consumer pays the increased price) while tax cuts are bestowed on businesses that are already competitive in the market and have no incentive to pass those savings along to the consumer.
The prices of Chinesse goods does not, in most cases raise the sale price in the USA. There is always a market price for the product. If the tarriff makes the price too high, the purchaser will substitute something else. The tarriffs will make it harder for chinesse made goods to compete.
Do you know how much merchandise in this country is made in China? Substitute what else? Almost everything at your big box stores is made in China.
People buy too much stuff and get into debt. Maybe time to go on a spending diet and shop in your own closet or garage. I just found a dress I hadn't worn in four years packed away in the back of my closet. It was a pleasant surprise!
Do you know how much merchandise in this country is made in China? Substitute what else? Almost everything at your big box stores is made in China.
Buy it used on eBay and craigslist. I've gotten amazing bargains.
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