Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will
Laser @ Laser @feddit.org Posts 3Comments 664Joined 1 yr. ago
Laser @ Laser @feddit.org
Posts
3
Comments
664
Joined
1 yr. ago
Working tariffs make importing goods so expensive that manufacturing them nationally is viable. There are definitely areas where tariffs make sense, e.g. you have or want to build an industry that's competing against a subsidized industry from another country. Tariffs are one way to help with that.
But we all know that's way too much thought for him, which probably boiled down to "China bad"... which I'm not necessarily disagreeing with fully... but for reasons that tariffs aren't necessarily an answer to.