Re: Thanks America!
By: Arelor to Nightfox on Sat Nov 09 2024 04:48 pm
>> One thing that worries me a bit is that I've heard Trump wants to impose
>> tariffs on imported goods, especially from China, where his tariffs would
>> be higher. A lot of our electronic goods are made in China, and I'm
>> worried this would mean higher prices for a lot of our goods. If you need
Ar> Welcome to the EU, where this problem is a given!
Ar> IMO the issue there is not the presence or lack of tariffs, but the fact a
Ar> former industrial powerhouse such as the US depends on importing that
Ar> stuff today.
Yes, naturally that is an issue, but at least in the short term, I think prices
will go up and make things less affordable. Also, I'm not sure the tariffs woul
d even do much to solve the issue. The reason companies are having their produc
ts made in other countries is due to the lower cost, and I worry it would be unl
ikely that companies would decide to move manufacturing back home. But maybe if
prices are too high due to tariffs, that could happen eventually..
Nightfox
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