Saturday, May 11, 2019

Tariffs

Most economist are free traders but most want fair trade. If the US continues to increase tariffs many companies will have to look for local suppliers. This means consumers will pay higher prices. The upside is that people will be buying things like kitchen appliance made in America. Much of the extra cost will be higher wages paid to American workers. In time places like Home Depot will be selling more American made refrigerators which means more American manufacturing jobs. The best situation is no import taxes by any country but until that time comes the US will continue to tax as it is being taxed.

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