6 ms·
I'd encourage you to educate yourself. Analysis of previous tariffs have found they cost a ton, drive prices up, and increase corporate profits. The 2018 Trum
by turtlesdown11 2mo ago
I'd encourage you to educate yourself.
Analysis of previous tariffs have found they cost a ton, drive prices up, and increase corporate profits.
The 2018 Trump washing machine tariff raised prices not just for washers but also dryers (12%), and cost $820,000 per job onshored.
A 2012 chinese tire tariff cost $900,000 per job onshored.
It's terrible business.
https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.20190611 https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.20190611