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237 comments
  • Everyone needs a lesson in how tarrifs work. Tarrifs are a tax on thing that US companies buy. They are intended to make foreign products more expensive to protect domestic producers. So, the American company pays the tariff. They then pass that tariff on to their customer, either another company or an American consumer. Then, the country that the tariff had been applied to applies offsetting tarrifs on American goods.

    When the product that the tariff is applied to can't be produced in the US, think advanced microchips or Canadian softwood lumber, Americans pay more but still have to buy the foreign product. With the softwood lumber tarrifs the cost of building a home with Canadian softwood lumber went up by tens of thousands of dollars and Canadian companies laughed all the way to the bank. American consumers paid more and Canadian companies made record profits because the US can't produce enough softwood lumber to meet its needs.

    So, the price to American companies and consumers goes up and the cost of American goods overseas goes up. Americans pay the tarrifs and American companies sell less goods overseas.

    America loses.

  • Seeing a stark void of "Fuck China" posts all of a sudden. Crazy what happens when the treat train gets held up at the border.

  • I hate this because for Europe it will become expensive too, just for the heck of it.

    • Do his tariffs affect exports to the EU as well? Idk economics and I wanna buy a Framework laprop next year

  • I really hope my job at an MSP is effected, but it probably will be. I hope we stay in business...

237 comments