Right. Because we all know the cost of componant parts never affects the cost of the end consumer good.
The Trump tariffs target items available from sources outside China.
Thank goodness we have politicians who can teach our businesses the best place to source their inputs.
componant = component
Define "best."
“Right. Because we all know the cost of componant parts never affects the cost of the end consumer good.”
I’m guessing you didn’t read the whole article. The tariffs are placed on the first sale not the last and they are spread out so much that the hit to the consumer is minimal and in a good economy, can be absorbed easily.
Plus if they are sourced outside of China no one gets hurt at all, except for China.
Team Trump is cutting the legs out from China’s manufacturers, just like he did with Mexico and China sourced items. Canada will be next.
Protectionist, (Patriots) understand that a tariff will increase prices. We get it. WE WANT THAT. It's a one time inflation due to higher labor costs in the USA. Again, we understand the economists. We are not stupid. But the payoff from higher import tariffs comes in lowered social costs and higher quality products. We are willing to pay more for a strong viable industrial base. I WANT TO PAY MORE.
I am not so greedy as to destroy the USA industrial base, cause social havoc, lower GDP growth, in order to buy a cheaper poor quality Coolie made consumer goods. IT'S NOT WORTH IT AT ANY PRICE.
Yep. These guys are fooling themselves. The best you can say for it, I think, is that it might be a small enough impact that it won’t matter in the scheme of things.
In Chicago we had a street market. You could buy anything sheaply there. Number ten cans of any canned food at half price. Lots of meat and fish as well. Who cares that there was no tax to pay. That the cans had some dents. That the meat had no stamps. It was cheap. It was like buying from China. Then one day they closed the market. And opened it again with inspectors. Somehow the prices in the market went up. But the prices at the distributors went down.