Think of 45 percent tariff as a tax on Chinese goods…which will raise hundreds of billions or even trillion of dollars over the next decade for your beloved goverment.
I’d argue American consumers are also benefiting from low tariffs on Chinese imports.
Using Wal Mart for example, about 80% of their products, bought by Americans, are from China. Those products will now be more expensive (if covered by the tariffs). I understand the loss of manufacturing jobs, but it’s hard to believe tariffs are going to bring those jobs back.
Just to throw a monkey wrench, some “libs” are praising the tariffs.
If Donald’s tariffs impact the consumer products Walmart and other giant retailers sell, the cost isn’t going to be borne by the companies but by the working class families that shop there.
Well… then why did you say it was a tax break for China?
I personally think that there are measures that need to be taken to increase US export capacity… but that is going to be tough in the near term with a tight labor market.
Targeted tariffs can be useful. Blanket tariffs are dumb.