IkePoR said:
SvennoJ said:
American consumers are paying the tarrifs... It's an added sales tax on stuff imported from abroad. The other countries aren't paying that, your importers are paying the extra tax. Higher prices, lower sales, less imports, bad for the countries it's imported from. But they're not paying your tarrifs.
Hence retaliatory tarrifs sucks equally bad, since now everything I like to buy from the states is going up in price. Bad for me, bad for American sellers/exporters.
Hence I'll be more inclined to buy stuff from Europe / Asia instead, and exporters will find better markets overseas as well. A trade war between USA and Canada helps no one. Just further shipping as a result, bad for the environment.
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The tariffs are always less about the money and more about the leverage. It's why Biden kept them on Chinese imports - China plays criminally dirty in trade. |
Trying to get leverage on China so that they'll play nicely when it comes to things like IP laws can make sense. What exactly do we want from Mexico and Canada?