Forum Discussion
AllegroD
May 27, 2019Nomad
In a nutshell, NO ONE WINS except for the governing body that imposed the Tariff.
The consumers lose, businesses lose.
I do not find this to be entirely true. The statement only takes into consideration cheap importers. Tariffs either make the US products more competitive in the retail market or foreign goods less appealing as imports. Tariffs level the playing field for US competitors against countries like China who have no labor laws nor equitable labor practices. Tariffs are a tool to keep such countries from flooding an dominating the market and ruining US manufacturers. The US is not alone in this. Tariffs are used by many countries to protect their own manufacturers.
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