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by turtlesdown11
20 days ago
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I'd encourage you to educate yourself. Analysis of previous tariffs have found they cost a ton, drive prices up, and increase corporate profits. The 2018 Trump washing machine tariff raised prices not just for washers but also dryers (12%), and cost $820,000 per job onshored. A 2012 chinese tire tariff cost $900,000 per job onshored. It's terrible business. https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.20190611 |
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