2024-09-24 21:55:29
Economics of tariffs is not restricted to any item in question but to the effect of tariff in protecting national manufacturing, national workers and in rectifying trade imbalances. It is an economic way to enforce self-interest without war. Unlike taxes, it is pro-growth. [Link] NEEDS_MORE_RATINGS(1-0-14) Author
2024-09-24 22:16:30
NNN. Tariffs absolutely become a burden on the consumer. The importing entity simply passes it on as an increase in price. Any effect on manufacturing at home takes years if not decades to scale up. Additionally other countries will impose counter tariffs hurting exports. NEEDS_MORE_RATINGS(5-0-2) Author
2024-09-24 23:50:56
NNN. “Tariffs are paid when a good or services is imported into a country. If a car manufacturer imports engines that are then used in vehicles, then tariffs on those imported engines will increase the production cost and the cost to the consumer.” [Link] NEEDS_MORE_RATINGS(3-0-2) Author