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?
For you youngins that don't know WHY VW buses were registered as "station wagons" instead of vans...and why they ship Ford Transits in from Turkey with REALLY CHEAP seats so it's a "station wagon" or passenger vehicle and not a commercial van per se when it arrives in port...AND then they rip out the seats and ship them back to Turkey in a container for rinse and repeat (Imagine how many other jacked up things like this take place on a daily basis globally...such waste!)
AND...Why Mercedes builds their "Alabama Trash Cans" in Alabama...AND BMW...AND Toyota trucks AND your precious Nissins...and now Kias etc...
I present to you, The Chicken Tax, a 25% Tariff, STILL IN PLACE TODAY, on ALL imported commercial trucks.
By building them here, and sending the money overseas, they effectively do a Chicken Tax Reacharound...
Essentially, the Germans were going to put a tariff on our frozen chickens going to Germany, so we said, "Oh yeah? Well we're putting a 25% Tariff on your pickups and vans"...and it's still going on to this day.
The more you know...an sheit...
u/#sassypopcorn
PEOPLE WHO BUILD THINGS...Want to see tariffs in the worst way. Cheap imports, especially from China, have absolutely KILLED many small businesses in the past 2 decades with ultra cheap EVERYTHING.
This includes things like woodenware (spoons, cutting boards, decorative items for the home etc) that are SO CHEAP that small mom & pop American producers can't even compete.
Combine that with dollar stores, amazon and the population's perception of "what things should cost" - and the entire landscape is completely f'd up. Little guys can't even get going...and if they do, it's really, really tough.
This is only ONE reason why many of us want to see tariffs in place, because low cost of goods has really interrupted the grass roots level of businesses in this country.
I only touched on a few items, but it goes much further and wider than that...Things have gotten WAY too competitive and part of the problem is "consumer perception" about what it really takes to produce something. Not only that, but people are really disconnected from the realities of where ANYTHING comes from and what it takes to get it to them...and regulations...and taxes...and insurance...and shipping...and non-contributing zeros that produce nothing cannot relate.