Tariffs Explained - Pyramyd AIR Insyder

[SpiralGroove]

We raise the tariff on them and they raise it on us to balance it out. The consumer takes the hit. Not only that, the retail tax generated increases adding even more to the bottom line at the register.
2 words come to mind.... Greed and Laziness.

No Avator,
Financially Naive Policy making …. creating higher prices and reduce trade.
Consumers mostly EAT this cost. There’s a reason why tariffs deepened the Great Depression ….. this is basic Economics 101.

 

[Ratzy]

No Avator,
Financially Naive Policy making …. creating higher prices and reduce trade.
Consumers mostly EAT this cost. There’s a reason why tariffs deepened the Great Depression ….. this is basic Economics 101.

Yep, Smoot-Hawley Tariff Act was actually the tipping point from a recession to the Depression.

I keep pointing out that broad based tariffs have never worked. Just look at the Brazilian economy. They have severely limited their economy with all of their tariffs and manufacturing requirements.

 

[greenbeans]

No Avator,
Financially Naive Policy making …. creating higher prices and reduce trade.
Consumers mostly EAT this cost. There’s a reason why tariffs deepened the Great Depression ….. this is basic Economics 101.

I think he’s saying the same basically

 

[Ratzy]

I think he’s saying the same basically

He did

 

[Avator]

Pretty much. But either way.. I stand behind what I said.