“A year or so ago, the American government imposed a 30% tariff on inexpensive Chinese tires. Not a single American tire manufacturer has re-entered that market.”
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There’s yer problem right there.
1) A year is not long enough to rebuild a local competitor to imports.
2) 30% is simply an irritant.
100%, across the board would get American competitors back in the game.
And where would we get tires for the three to five years it would take to get those plants built, workers trained,etc?
Idiot.
Cringing, before we go doubling prices on Americans, don't you think maybe we should clear up the fiscal and monetary policies that cause trade deficits in the first place? I have to admit that your blind trust in the power of tariffs mystifies me.
Cringing, before we go doubling prices on Americans, don't you think maybe we should clear up the fiscal and monetary policies that cause trade deficits in the first place? I have to admit that your blind trust in the power of tariffs mystifies me.