What did the McKinley Tariff do?
The McKinley Tariff Act of 1890 increased the taxes on most imported goods while eliminating taxes on luxury items. The intent was to protect American industries from foreign competition. The outcome was that domestic businesses raised the prices of American products to unaffordable rates.
source https://study.com/academy/lesson/the-mckinley-tariff-of-1890.html
If you google anything related to Tariffs, the fake news and fake academia studies are working hard to slander McKinley and Trump.
Ppl around me are assuming tariffs will increase the price of imports/goods that we cannot afford anymore.
Sounds like bullshit to me, many countries that ripped us off on trade deals, just aren’t gonna get their free lunches anymore. Trump said many countries are hugely reliant on us for many things, like military assistance. Taking that away alone will make them desperate to make better trade deals.
However I’m not too educated on the matter. Could we have a discussion and dig into how tariffs will help is? I wanna educate normies
So yeah what do you guys think?
take furniture as an example. plenty of good furniture is manufactured in the ol' usa, but we buy a TON of imported cheap furniture because "it's cheaper". what these importers are doing is taking advantage of fewer regulations and much cheaper labor costs over seas that they can still afford to ship this crap here and sell it cheaper than companies in the USA. so by placing tariffs on imported goods, it "levels the playing field" for US manufacturers, so that the prices would end up being competitive. there is a good book by a guy named Pat Choate called Agents of Influence. it was written back in the 80's about how the japanese took over the electronics market in the US, specifically the television market, from US manufacturers. it also goes into how US officials have been selling us out for decades. and remember, this was written decades ago...
Furniture is a great example of something called "quality". I have quality furniture from my grandparents still looking okay and going strong. If you have anything from compressed fiberboard that was originally shipped in a flat cardboard box, chances are it will be taking up space in a landfill well before quality wood furniture needs to go. Or worse, it gets burned and all that plastic adhesive to hold wood shavings together gets to be breathed by everyone. Buy quality wherever you can. The currency manipulation system and offshoring manufacturing to countries with slave labor is what's putting us on a path to destruction.