Not a prayer the EU will be bothered by Trump and his self-harming tariffs.Sounds like he's learning fast to me if he wants the EU to pay the same tariffs as America pays.
Not a prayer the EU will be bothered by Trump and his self-harming tariffs.Sounds like he's learning fast to me if he wants the EU to pay the same tariffs as America pays.
Cheaper than China? Will American workers work for next to nothing?can then step in and make the goods cheaper than the imports
That is what I have just explained how I thought it is suppose to work.Cheaper than China?
Then costs for consumers go up by £2 for a £3 item. That's rampant inflation on a South American dictatorship's level.We can make cilit bang for £5 but china can make it as an import for £3 - so we put tarrifs on it to make it cost £5.50 so now ours is cheaper and people will but that and not the import.
in your example, Americans will then see Cillit bang increase significantly in priceThat is what I have just explained how I thought it is suppose to work.
This is my take on how tarrifs are supposed to work.
We can make cilit bang for £5 but china can make it as an import for £3 - so we put tarrifs on it to make it cost £5.50 so now ours is cheaper and people will but that and not the import.
But Trump promised lower costs, he has a basic misunderstanding of what he is proposing.Yeh costs will go up for consumers like that.
China factory Labour cost $5.50 per hourYeh costs will go up for consumers like that. But maybe wages and employment will increase as its now all made in the US factories which will see an increase in sales.
Yes. That is the theory.That is what I have just explained how I thought it is suppose to work.
This is my take on how tarrifs are supposed to work.
We can make cilit bang for £5 but china can make it as an import for £3 - so we put tarrifs on it to make it cost £5.50 so now ours is cheaper and people will but that and not the import.
So instead of buying it for $2 you think they will buy the made in USA version for $30 ?Yeh costs will go up for consumers like that. But maybe wages and employment will increase as its now all made in the US factories which will see an increase in sales.
Everything has to be combative with you doesn’t it. You seem to think I support the tarrifsSo instead of buying it for $2 you think they will buy the made in USA version for $30 ?
I'm trying to show how the tariffs work.Everything has to be combative with you doesn’t it. You seem to think I support the tarrifs