The purpose of the tariff is to promote industry in the USA. It works every time. 20% is more than enough. Learn history.
“The purpose of the tariff is to promote industry in the USA. It works every time. 20% is more than enough. Learn history.”
The Chinese economy was built on the hard work of young women from rural villages who worked on one-year factory labor contracts for about $1,000/year.
I’m sure the rate is much higher now, probably around $6,000/year.
That’s about $3/hour. Other Chinese factory workers might get $5/hour.
Raising the effective cost of Chinese labor to $3.60/hour or $6/hour with a 20% tariff will still allow the hard-working Chinese to beat out $10/hour+ US labor.
An excellent knowledge of history is never a substitute for basic math or basic reasoning.