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by benjiro
454 days ago
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Looked up the numbers: Trump initial 25% Tarif (30 down to 25), then Bidden up to 50%, then Trump up to 60% ... It adds up fast. Europe had import tariffs from 2013 and those expired in September 2023. That is around the same time most countries stopped with subsidies for solar. The ironic part is, that this flood of cheap Chinese panels, batteries, etc is a major boom to our energy independence as those installations easily last 20+ years. And given our neighbor to the easy issue, energy independence is high on the list. The US does not have this issue with their gas/oil rich area's (and probably $$$ to politicians). |
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Tariffs DONT make America rich, they make imported products more expensive to buy.
Then if and only if, they get so expensive that its cheaper to make them locally, they start industry to make them locally.
they're still more expensive than the pre tariff price, but they're now cheaper than the imported product.
I'm not arguing against tariffs.. just stating it like it is. and mocking the statement they current leader keeps repeating incorrectly.