That’s me, I hear that the US won the illegal ( Tariffs are a tax and American constitution plainly states that only congress can tax)tariff war with Japan. The added price to Japanese products will in most cases be 15% more , now wouldn’t the same product made in America if it’s made of steel be the same or more then the Japanese product. Now that being said I really don’t know the amount of steel and aluminum that goes into say cars, but it appears to this goofy blogger the biggest losers are the American consumer.
Let’s say that a Chinese product couldn’t or isn’t produced in the good old US of A how much would Chinese manufacturers lose 5% 15% 25% of there normal sales in the U.S. again the biggest losers wouldn’t be the Chinese manufacturers but the American consumer. Foreign manufacturers can make estimates on how much they are going to lose in sales, but they are only estimates.
Now if the American consumer has to pay more for products, I would think that would lead to a shrinkage in the work force leading to a downward spiral, ya think of the gdp.
It seems to me I don’t know much about tariffs because it makes no sense to me. Because foreign sellers of goods might lose some business but it’s would only be a guesswork, but definitely the American consumer would be hurt hard.
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