Train Wreck. Clown Show.
- By Katscratch
- Free Board: General Discussion Forum
- 1049 Replies
.But how is it failing? Because you don't see the end results immediately?
Good question, and no; it's not because I don't see the end results immediately.
It is failing because:
- The tariffs are not on foreign governments that may be treating American companies or consumers inequitably. They are on American companies that import products, and those costs will be passed on directly to the consumer (inflation).
- The tariffs are already causing foreign suppliers to deprioritize the American market (supply chain issues).
- The tariffs are NOT based on unfair trade agreements - Trump held up his chart that lied and called trade imbalances 'tariffs' levied by other countries (i.e. Viet Nam does not impose a 90% tariff on American goods - we just have a trade imbalance with them)
- The tariffs are indiscriminate - Canada has a flat out free trade agreement with the US but we are still hitting them with a 10% tariff. China tries to screw us but we've completely eliminated some tariffs on them.
- Building factories to produce the things that are now getting tariffed
- would take years,
- would cost more than the tariffs, and
- would necessitate tens of millions of low wage factory workers that the US does not have.
- The tariffs are causing worldwide boycotts of American goods, i.e. American Bourbon in Canada and Coca Cola in Denmark.
- The tariffs are causing ill-will toward American companies and Americans that may not be undone easily.
Now you tell me how they will work, incorporating the knowledge that they are not tariffs on foreign companies, but are tariffs on American companies that use foreign suppliers?
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