Tariff Isn't Tax on Other Countries?🤪
Tariff Isn't Tax on Other Countries?🤪


Tariff Isn't Tax on Other Countries?🤪
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It's not that simple and presenting it as such is disingenuous. Your fellow employee asked an important question, why cant we produce our own stuff? Relying on a frienemy to manufacture what your country needs to function is an extreme oversight of national security. Europe is experiencing that lesson as we speak.
Because we don't have every resource in the world contained within our small slice of a single continent? Not to mention, it isn't 19-dickety2, so Europe and the rest of the world aren't brain-draining into the US as much as they once were, thanks to local-stability and our newfound US-instability. And, speaking of which, thanks to the morons grabbing the wheel and directing us into a brick wall, well...that brain-drain we benefitted from since the Nazis...yeah, the opposite is happening now. Turns out smart people don't want to live under fascism...weird, I know. Why can't they just hate the same people I hate?!?!?
hows the brexit going, kitty?
Assuming the theory that tariffs pushes local manufacturing is true: We could produce our own stuff, but it takes time between the institution of the tariff and when a factory starts producing
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, so there's still going to be a lot of expensive stuff in the mean time.More expensive steel (for example) means lots of things like cars get more expensive, which means fewer people can afford them...which means fewer cars to produce...which means less need for related industries (textiles, plastics, rubber, etc.), which (in general) means fewer employees needed to build those cars and supply those related industries....which means more people with less money....which means those people are going to buy fewer things, which means less money for all of the other businesses... and so on. It just spreads. Everything depends on everything else.
You can't just build a factory and start producing say, steel, overnight. And what happens if the tariff is dropped right after you finish your factory? You're going to get hosed, so it's a huge risk - especially with someone as inconsistent as Trump.