Tariffs
We import goods from China.
We import goods from Mexico.
We eat, sit on, use tools, ride bikes, drive cars.
The trade deficits that we have with these countries is because of a couple of things:
Demand.
We want goods and if we had our way we’d like them cheap.
Like MAGA hats.
They were made in China even though they could’ve been made here. Whoever bought those lids bought them for China because they were cheaper...
...and when sold for $30 on the candidates web page...
...more money was made.
Putting a tax on tariffs will not hurt the country selling the product.
They will likely change their price. So, for example:
Wal-Mart orders widgets from China.
They are wildly popular widgets that Americans buy, regardless of where they come from.
Let’s say they were bulk-ordered for $10 a widget.
A tariff has been added.
China won’t pay the difference.
They’ll raise the price to $12.50 a widget.
Wal-Mart, Who never met a nickel they didn’t want to squirrel away isn’t going to take a loss on the widget.
They’ll buy it for $12.50 and sell it for $15.00.
The American consumer who wants the widget will now pay $15 instead of $12.50.
China doesn’t lose.
Wal-Mart doesn’t lose.
The poor stiff who wants the widget loses.
It’s another tax on the low and middle class.
Prices will skyrocket.
The stock market will tank.
No big deal, right?
I’m sure the rich guys will be okay...
...they’ll short the market...
...make millions.
Good for them, huh?
Greatest economy ever...
...if you’re rich.
We import goods from Mexico.
We eat, sit on, use tools, ride bikes, drive cars.
The trade deficits that we have with these countries is because of a couple of things:
Demand.
We want goods and if we had our way we’d like them cheap.
Like MAGA hats.
They were made in China even though they could’ve been made here. Whoever bought those lids bought them for China because they were cheaper...
...and when sold for $30 on the candidates web page...
...more money was made.
Putting a tax on tariffs will not hurt the country selling the product.
They will likely change their price. So, for example:
Wal-Mart orders widgets from China.
They are wildly popular widgets that Americans buy, regardless of where they come from.
Let’s say they were bulk-ordered for $10 a widget.
A tariff has been added.
China won’t pay the difference.
They’ll raise the price to $12.50 a widget.
Wal-Mart, Who never met a nickel they didn’t want to squirrel away isn’t going to take a loss on the widget.
They’ll buy it for $12.50 and sell it for $15.00.
The American consumer who wants the widget will now pay $15 instead of $12.50.
China doesn’t lose.
Wal-Mart doesn’t lose.
The poor stiff who wants the widget loses.
It’s another tax on the low and middle class.
Prices will skyrocket.
The stock market will tank.
No big deal, right?
I’m sure the rich guys will be okay...
...they’ll short the market...
...make millions.
Good for them, huh?
Greatest economy ever...
...if you’re rich.
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