Let's see. Do I buy expensive American-made goods or expensive Chinese-made goods?
It's a fundamental economic principle.
It's only going to cost more if the consumer is willing to pay a higher price for cheap chicom goods.
If the consumer doesn't buy the cheap chicom goods, then the tariffs won't cost the consumer a penny.
What am I missing here?
What am I missing here?
You're missing (or ignoring) the fact that cost matters to most consumers. Hence the prevalence of Chinese made goods.
The Tucker household may be happy to pay more to buy American but the experience of the last 30 years says you're in the minority.
Or are you saying that the government should take away this consumer choice for the greater good?