Tariffs trip up the all-American RV industry
Tariffs trip up the all-American RV industry
Forum Discussion
Americans are a very interesting and quite complicated group. We wave the flag and chant, Buy American, but we turn out by the millions to support stores like Walmart who import the majority of their products from other nations, China being one of them. We are driven by low costs and will do anything to save a buck but, many of us will support the tariffs because somehow, magically, it will drive these wicked countries to their knees. At the same time the tariffs will increase costs to the consumers.
Keep in mind that a tariff is a self imposed tax on the consumer. How much will a 25% tariff cost you. The debate goes on and you have heard some of that here. I am not an economist but to say that a 25% tariff will only raise costs 2.5% is a bit of a stretch in my mind. The extent of this impact is yet to be felt because of available inventory but when that is gone, the new costs for the new goods will start to rise. The question is how much are you willing to pay?
Take a look at the soy bean farmers. A huge tariff placed by our country has dramatically hurt these people. The answer was for our government to come up with something like $12 billion for a bailout. A self imposed tax that will hurt all of us, farmers and tax payers alike.
Keep in mind that a tariff is a self imposed tax on the consumer. How much will a 25% tariff cost you. The debate goes on and you have heard some of that here. I am not an economist but to say that a 25% tariff will only raise costs 2.5% is a bit of a stretch in my mind. The extent of this impact is yet to be felt because of available inventory but when that is gone, the new costs for the new goods will start to rise. The question is how much are you willing to pay?
Take a look at the soy bean farmers. A huge tariff placed by our country has dramatically hurt these people. The answer was for our government to come up with something like $12 billion for a bailout. A self imposed tax that will hurt all of us, farmers and tax payers alike.
