Posted by jimg.allentown on September 19, 2018 at 08:02:36 from (108.16.40.107):
In Reply to: Tariff War Question ... posted by Crazy Horse on September 19, 2018 at 07:45:37:
In this case, I think that the new tariffs are being used to protect what is left of our own domestic industries. Tariffs are generally used to protect one country's domestic industries. As such, putting a tariff on imported goods should cause the price of the imported goods to exceed the price of the domestic goods. In theory, this should cause the domestic industries to recapture some of their lost market share. We, the USA, have been subjected to too many one sided trade agreements that always seem to favor the other countries involved. So, maybe it is about time to turn some of that around to at least level the playing field. Bearing in mind that other countries do not have such strict regulations on pollution and workplace safety. Those things do cost, and tend to raise the cost of finished goods.
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