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this post was submitted on 16 Jun 2024
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What? No, this is the same exact discussion... that is literally one of the primary purposes of tariffs: to give an advantage to local producers.
I think you misunderstand, friend. The ship has already sailed overseas and there aren’t enough “local” producers to make up for the rise in costs faced by the people who shop where the cheap imported goods are and the middle class that consumes the most.
The only advantage is to the government collecting the tariffs on the poor and middle class. Like I said, the rich won’t care.
Yes... that's literally the point? Tariffs both support existing local producers and are an incentive to move production local.