Hey Martin. I think we desperately need more written about the tariff lie because it is being sold extensively and you are right, so many don’t understand. The reaction is “Yeah…make China pay” which as you point out is not how it works..
Also, I agree with you: With electric cars the high tariffs made sense, American consumers had no interest paying the marked up price, so China lost because DEMAND was hurt, not because China didn’t want to pay the tariff. And it should be noted again and again that it was higher income earners, not low income earners making the decision to buy American electric cars and not the Chinese ones.
Then again to your point, tariffs on low end/cheap goods from China hurt the low income earner because they need or chose to buy these inexpensive basic items in order to live their lives. If low end Chinese goods get the Trump-tariffs, the low earners in the country will have to do without essential items while the higher income earners simply buy a different car.
Example: Wave Bye-bye Dollar Tree and stores like that.
So the question is…how to get this basic information in the hands of those currently being duped? The same ones who believed him in 2016 when he said Mexico would pay for the wall.
Hey Martin. I think we desperately need more written about the tariff lie because it is being sold extensively and you are right, so many don’t understand. The reaction is “Yeah…make China pay” which as you point out is not how it works..
Also, I agree with you: With electric cars the high tariffs made sense, American consumers had no interest paying the marked up price, so China lost because DEMAND was hurt, not because China didn’t want to pay the tariff. And it should be noted again and again that it was higher income earners, not low income earners making the decision to buy American electric cars and not the Chinese ones.
Then again to your point, tariffs on low end/cheap goods from China hurt the low income earner because they need or chose to buy these inexpensive basic items in order to live their lives. If low end Chinese goods get the Trump-tariffs, the low earners in the country will have to do without essential items while the higher income earners simply buy a different car.
Example: Wave Bye-bye Dollar Tree and stores like that.
So the question is…how to get this basic information in the hands of those currently being duped? The same ones who believed him in 2016 when he said Mexico would pay for the wall.