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To: central_va
The price of domestic oil would go up to match the tariffed imported oil price that is the point

Thanks. So your previous claims that you don't pay a higher price if you don't buy the import were wrong.

118 posted on 03/09/2016 9:52:04 AM PST by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: Toddsterpatriot
Thanks. So your previous claims that you don't pay a higher price if you don't buy the import were wrong.

Absolutely, at one point a long time ago I swore to defend the Constitution and also my fellow Americans with my life. I would surly pay a few pennies on the dollar for durable goods to keep my fellow Americans working and the economy humming along. I would also like to reduce and/or eliminate income taxes and replace them with consumption based taxes, tariffs being the lynch pin of the concept. A concept which is neither controversial or new.

122 posted on 03/09/2016 10:46:30 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Toddsterpatriot
Thanks. So your previous claims that you don't pay a higher price if you don't buy the import were wrong.

More clarification, a tariff only affects the price of imported goods, America is still self sufficient in many ares of manufacturing. For example if the USA is self sufficient in "blue widgets" then the tariff would not cause the consumer to pay more for "blue widgets". The domestic producers would have an advantage with tariffs and eventually prices would stabilize at a point slightly higher than during the era of Free Trade. This difference would represent the cost of labor which is higher in the USA than Asia.

Manufactured product prices would go marginally higher with US labor but the real the question is how much higher and what are to political and social trade offs. Union labor is the highest cost, for example 8% of the retail price of a union built car covers labor, so in my estimation at most 8% higher in a closed market.

124 posted on 03/09/2016 11:00:24 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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