Correct. So in the car example, it really only works if the US puts a tariff on imports, and then they do some kind of government credit for domestic cars. This would raise the price of imported cars while making domestic cars more affordable to Americans.
You’re placing a lot of faith in our totally trustworthy, honest, caring, and cooperative domestic auto manufacturers to…you know…not just look at the new increased price of imports, as well as the government credit for buying domestic…and raise all their prices to that amount across the board, with the increase adding more expense to the consumer directly that is pure profit on their end.
Correct. So in the car example, it really only works if the US puts a tariff on imports, and then they do some kind of government credit for domestic cars. This would raise the price of imported cars while making domestic cars more affordable to Americans.
You’re placing a lot of faith in our totally trustworthy, honest, caring, and cooperative domestic auto manufacturers to…you know…not just look at the new increased price of imports, as well as the government credit for buying domestic…and raise all their prices to that amount across the board, with the increase adding more expense to the consumer directly that is pure profit on their end.
Only kinda, that assumes enough people still buy the imports otherwise there’s no money to transfer over.
A tariff isn’t a money making tool, it’s about making a good not as great a deal against another, typically a domestically made good.
Trump doesn’t understand it though. He plans* to use it to finance childcare.
*As if he would do something like that. Why keep kids fed when you can line your pockets instead.
There’s a sound bite of him at a recent rally talking about how much he hated paying overtime and how he would avoid it.
He doesn’t care.
And I’m sure he doesn’t feel it understand empathy