Re: Re: Thanks America!
By: Shitty to Nightfox on Sat Nov 09 2024 10:10 am
> Ni> Bf> just to name a few things.
>
> Ni> One thing that worries me a bit is that I've heard Trump wants to impos
> Ni> tariffs on imported goods, especially from China, where his tariffs
> Ni> would be higher. A lot of our electronic goods are made in China, and
> Ni> I'm worried this would mean higher prices for a lot of our goods. If
> Ni> you need a new refrigerator, washer, dryer, computer, etc., you may be
> Ni> paying more for it. Let alone things we might buy with disposable
> Ni> income, such as a game console, Raspberry Pi & accessories, and other
> Ni> such things.
>
> Ni> We've already experienced high inflation over the past few years, and w
> Ni> don't need further price increases.
>
> Some things are more important than a good price on a new refrigerator, like
> being alive long enough to eat the food that's stored in it.
First I want to mention that the last time Trump was in office, tarrifs did not
have any negative impact on pricing. China ate the cost and they will this time
as well. In additon, O'Biden left the tarrifs in place because they are
generating huge sums of money.
I agree about being alive long enough to eat the food, but I also listened to
someone explaining tarrifs the other day and the bottom line is they tend to be
good for the country because it protects our industries from markets being
flooded with products that have artificially lower cost. These products harm
our competing industries.
I'm definitely not an economy expert by any stretch of the imagination, but I
do know that tarrifs funded the federal government prior to income taxes being
implemented and the country seemed to be doing fine.
Someone out there that knows more than me can do a better job of explaining
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