Don_Dickle to Explain Like I'm Five@lemmy.worldEnglish • 3 months agoELI5 How does a tariff against a major trading partner effect the common pleebs?message-square16fedilinkarrow-up122arrow-down12
arrow-up120arrow-down1message-squareELI5 How does a tariff against a major trading partner effect the common pleebs?Don_Dickle to Explain Like I'm Five@lemmy.worldEnglish • 3 months agomessage-square16fedilink
minus-squareParafaragaramuslinkfedilinkEnglish4•3 months agoAlso you kinda need to have those domestic companies producing Widgets. If not you are just making Widgets more expensive with no payoff.
minus-square@vvilld@lemmy.worldlinkfedilinkEnglish3•3 months agoExactly! Imposing a tariff with the expectation that will cause the domestic market to just spawn a new manufacturer is even more asinine than expecting tariffs to increase already existing domestic production.
Also you kinda need to have those domestic companies producing Widgets. If not you are just making Widgets more expensive with no payoff.
Exactly! Imposing a tariff with the expectation that will cause the domestic market to just spawn a new manufacturer is even more asinine than expecting tariffs to increase already existing domestic production.