• jaschen306@sh.itjust.works
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    22 hours ago

    My father in law exports spring making machines from Taiwan. There is a 20% tariff for his machines into the US even tho nobody in America manufactures these.

    My FIL eats 5% of profits, the manufacturer eats 5% of profits and the rest goes to the consumer.

    My FIL, only makes 2% profits after all is said and done. His competitors have already pulled out of the US markets and he is considering it too.

    Once that supply chain is broken, it’s going to be even more expensive for you all.

  • LegoBrickOnFire@lemmy.world
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    23 hours ago

    Because a lot of countries are actually eating the costs. I hate it. My governmemt is speaking of buying more american weapons in exchange for lowered tarifs…

  • AxExRx@lemmy.world
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    15 hours ago

    If other countries ate the cost on products, then tarifs would have *no effect for helping american companies compete.

    The entire point of them is to make foreign goods cost more, to bring them on par with the local ones.

    The problem being, the local then have no incentive to keep their prices low.