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re: Trump's section 301 tariffs were successful. The data proves it.
Posted on 3/11/24 at 8:27 am to Mo Jeaux
Posted on 3/11/24 at 8:27 am to Mo Jeaux
quote:
So explain it to us. While I do not agree with Roger's positions on tariffs, he's correct about the price aspects. Tariffs are meant to make imports more expensive in comparison to domestically produced goods.
In a simple scenario you would be correct. Place a tariff(tax) on a good and it will become more expensive. When demand lowers for that product the exporters have to lower their prices to increase demand. We get the tax and the cheaper product price. Currency values (China is a master of manipulating them buy the way) is a different story and actually the driving force behind most of the data from this article.
Posted on 3/11/24 at 8:29 am to Warboo
quote:
When demand lowers for that product the exporters have to lower their prices to increase demand
Which makes it even more difficult for American mfgs to compete.
Posted on 3/11/24 at 8:31 am to Warboo
quote:
We get the tax and the cheaper product price.
Who pays the tax?
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