There are different kinds of tariffs and different first and second order effects. As usual, don’t believe liberals. If a country succeeds by having low labor costs, then they will generally eat the tariffs because there are several low labor costs countries ready to step right in. Other kinds of tariffs makes it much more favorable to invest in the US and produce here. Another kind of tariff gets a country to drop or drastically lower their tariffs and thereby make our products competitive in their countries. Another kind of tariff is used to change non-trade policy decisions by that country. Another kind of tariff is a mild one that is used to offset income tax reductions.
With more competition and profits occurring inside the US, the more investment will be made in productivity. Those investments will be less risky with a proper tariff structure.
How will tariffs actually be implemented without driving up costs or increasing inflation?
Basically the same way they were always done prior to George Bush Sr. and Bill Clinton (and a congressional majority) selling out our nation with their globalist "free trade agreements."
The failed "'free' trade" economic agenda has only been around for roughly 30 years. It took several years for it begin its real damage but, the damage caused to the USA by this catastrophically failed policy has rapidly accelerated ever since.
corporations will have tax cuts, the tariffs will offset this somewhat
Is this some kind of 'trickle down discount' to the consumers I've been hearing some much about?
Corporations will still take the tax cuts and still pass increased prices to consumers under the guise of ... " tariffs have increased our cost"
There are different kinds of tariffs and different first and second order effects. As usual, don’t believe liberals. If a country succeeds by having low labor costs, then they will generally eat the tariffs because there are several low labor costs countries ready to step right in. Other kinds of tariffs makes it much more favorable to invest in the US and produce here. Another kind of tariff gets a country to drop or drastically lower their tariffs and thereby make our products competitive in their countries. Another kind of tariff is used to change non-trade policy decisions by that country. Another kind of tariff is a mild one that is used to offset income tax reductions.
With more competition and profits occurring inside the US, the more investment will be made in productivity. Those investments will be less risky with a proper tariff structure.
relax it hasnt happened yet...i think he is using that as a bargaining chip...
Basically the same way they were always done prior to George Bush Sr. and Bill Clinton (and a congressional majority) selling out our nation with their globalist "free trade agreements."
The failed "'free' trade" economic agenda has only been around for roughly 30 years. It took several years for it begin its real damage but, the damage caused to the USA by this catastrophically failed policy has rapidly accelerated ever since.
TL;DR- Don't worry about it, really.