JesusWalmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will
ThePerfectLinkRealistically though, that’s how tariffs just work. With products costing more, theoretically that should drive demand down and eventually lead to fewer imports. Of course, if there’s still no competing product or the product is a basic necessity, then it’ll likely just result in people paying more.
We tried this in 2017. Trump put tariffs on dishwashers, and American companies just raised their prices to match, pocketing the difference.
Yah, I mean realistically, I can only really see tariffs working if a nation is trying to enter an industry. Thatt’s not the case here, but even so these tariffs differ from the ones you mentioned because they would be against Chinese imports rather than a specific product, so I can’t imagine there’s as much risk of that sort of market manipulation from happening again… but then again, I’ve got no idea.
If you’ve got no idea then why argue?
There isn’t a competition in the market between Malaysian washing machines vs Chinese washing machines, in reality the tariffs will affect Chinese goods mainly, and any industry will raise prices to pocket the difference as we saw in the above example. It was more than just a single appliance that raised the prices.
Are you an idiot?I just can’t see the fricken future, so I don’t know the result.
I’m not even arguing either. I didn’t dispute any of your points, and you didn’t make it clear this is the same scenario, so I used your information to inform my next statement. I’m stating what I believe tariffs to be for and whether or not the purpose is different is last time.
Also, I don’t think you’ve engaged me on any of that with what you’re even saying here. Are you saying that because washing machines are tied to China, that all the products undergoing tariffs will suffer the same effect as washing machines had? Are you trying to say that, regardless of the tariff, cartels associated with the industry will increase prices for their associated prices? Stop beating around the bush and state your argument.