You misunderstand what is happening, completely.
You will pay $1,25 for the chinese can opener but the China manufacturer still gets the sale. The trade imbalance is still in favor of china. You will pay the china tax but nothing to thwart china trade has happened except you payed a tax
what should happen is that you buy a $1.00 can opener made in say korea or the philippines, or perhaps but un likely the usa. in that instance, china loses the sale.
however what will happen is all can opener prices will rise to say $1.20 as other manufacturers are able to raise their prices
What happens to the price when one of the "others" adds a third shift and sells theirs for $1.15?
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“what should happen is that you buy a $1.00 can opener made in say korea or the philippines, or perhaps but un likely the usa. in that instance, china loses the sale.
however what will happen is all can opener prices will rise to say $1.20 as other manufacturers are able to raise their prices”
I agree with you up to a point particularly if the primary objective is to get the can opener made in the USA. But wage costs in Asia are way too low to expect that to happen. The primary objective is to shift purchases away from China to places like Cambodia, Thailand or India that would not be saddled with the 25% tariff in selling to the USA and thus make it impossible for China to sell profitably to us. Cambodia, Thailand and India still have to compete vs each other in selling to us so that will keep the can opener price down. Personally I want the entire trade relationship with parasitic competitor/enemy gone and I hope Trump raises tariff on all their imports to the sky.From the standpoint of our exports to them they are an insignificant trade partner where we only export 150 billion annually to them of our 17 trillion annual GDP. Chump change.Their real game plan is to steal our tech secrets, build their own national industries based on the theft to sell to their populus domestically and to export to the rest of the world and then kick the West out of their markets.
You assume two things that are not based in reality.
1) Can openers are not made everywhere.
2) Tariffs paid become part of the Cost of Goods, and the way American companies work, they won’t sacrifice profit. The can opener that was at $1 cost and end food chain margin of 40% was selling to the consumer for $1.67. Maintaining the same margin at the $1.25 now brings the consumer price to $2.08. This is highly inflationary.