Posted by INCase on April 17, 2018 at 09:41:30 from (209.221.240.193):
In Reply to: Tariff Question posted by John in La on April 17, 2018 at 00:02:02:
first off each country can set up how they do tariffs as they see fit.
China's threat to tax pork had an exceptions for Chinese owned pork supplying companies. So Smithfield would not be hurt.
also in this case supply and demand will weigh in. when China threatened the bean tariff on the US, brazilian bean prices went up and ours went down a bit in the middle of the night due to time zone differences (12 hours to China). so 6 hours later when the Europeans woke up and saw US bean prices were a better deal than Brazil's they started buying US beans.. by the time we woke up we hardly noticed.
China cannot feed themselves that is our biggest advantage with them. yes, others like Brazil and Argentina and Canada can take up some slack but it's all in the same market. just shuffling things around
similar things with Steel. yeah it will help US companies some but will also help other companies not included in the tariff.
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