All my life I’ve felt it is wrong to allow other countries to place tariffs on our products but we don’t do the same to theirs. And it is a tax on the middle class only if you buy foreign made goods. ;)
If China doesn’t want us to apply a tariff to their stuff, they need to take tariffs off our stuff. Problem solved.
I’m willing to pay for that core value, even if it means higher prices.
I agree the field is already uneven and unfair. Besides this should not be a surprise as he said he was going to do it.
You are exactly right.
This is a power play. Trump does not believe the tariffs will continue beyond the point China sets realistic prices.
Ask yourself how much steel or aluminum is in that $1,000 dishwasher or $80,000 pickup truck.
Why does a bare bones pickup cost $35 or $45,000 and the super model cost $80,000? Each has the same steel and aluminum by weight.
The cost of the steel by weight is probably only 10% of the total price.
The rest is labor. When you get to the bottom line, everything is labor. Even the cost of the steel is labor.
So a 25% increase in only 10% of the cost is only .025.
But it makes for a great excuse to raise prices by 10 or 15%.