Tariffs are Taxes and Increase Prices for Consumers

Ok you can keep crying about it

I was promised the great depression.

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There is, however, an indirect way in which tariffs can also raise prices for consumers that will also likely be smaller than the tariff increase: firms and consumers may switch to domestically available substitutes.

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The point. This isn't a bad thing.

Yet income taxes are way down. I’ll take that trade any day.

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That’s a small price to pay to keep the rest of the world from leaching off of me.

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How do tariffs of all things achieve that goal?

We used to run the Country with only Tariffs.

Also looks like apparel has seen the largest increase.


I'll be honest, I just buy Hanes solid polos. Cheap as frick. Don't need overpriced brands made in sweat shops. Just get the cheap brands made in sweat shops.

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Tariffs are Taxes and Increase Prices for Consumers

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Yes, they do. You are absolutely correct. But what you fail to realize is that they are there to make products of foreign origin the same price, or slightly higher than similar domestically produced goods in order to counteract unfair practices (i.e. slave labor/extremely low wages) used by other nations (primarily China) so that our country's workers can compete without having to live in squalor.

I have no problem with this use of protective tariffs.

I might take issue with tariffs enacted on goods and products that can not be produced domestically though, but that is another issue entirely.

If a tariff makes imported goods more expensive, maybe someone in the US will start making that product.

We need more manufacturing here, even if it is more expensive. The added cost is money that stays in our economy instead of helping some third world shithole.

Especially for things that we really need. Steel, microchips, antibiotics, etc.

I really try to buy things that are made here but some things are just impossible to do. Hopefully that changes, and if tariffs cause that I am ok with it.

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so this is why other countries levy them against the USA.

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To keep US goods out of their economy. When our goods are higher in the international market, a tariff does affect the consumer because they weren’t likely going to buy the higher priced goods anyway. In our case, we are getting cheaper goods abroad so when the tariffs raise the prices domestically we still pay for them because they are cheaper than the US made item.

Tariffs don’t have the same outcome in the US vs internationally.