Leopards Ate My Face

5665 readers

1018 users here now

Rules:

If you don't already have some understanding of what this is, try reading this post. Off-topic posts will be removed.
Please use a high-quality source to explain why your post fits if you think it might not be common knowledge and isn't explained within the post itself.
Links to articles should be high-quality sources – for example, not the Daily Mail, the New York Post, Newsweek, etc. For a rough idea, check out this list. If it's marked in red, it probably isn't allowed; if it's yellow, exercise caution.
The mods are fallible; if you've been banned or had a comment removed, you're encouraged to appeal it.
For accessibility reasons, an image of text must either have alt text or a transcription in the comments.
All Lemmy.World Terms of Service apply.

Also feel free to check out [email protected] (also active).

Icon credit C. Brück on Wikimedia Commons.

founded 2 years ago

MODERATORS

[email protected]

1556

Tariff Isn't Tax on Other Countries?🤪 (lemmy.world)

submitted 2 days ago by [email protected] to c/[email protected]

229 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 17 hours ago

Assuming the theory that tariffs pushes local manufacturing is true: We could produce our own stuff, but it takes time between the institution of the tariff and when a factory starts producing , so there's still going to be a lot of expensive stuff in the mean time.

More expensive steel (for example) means lots of things like cars get more expensive, which means fewer people can afford them...which means fewer cars to produce...which means less need for related industries (textiles, plastics, rubber, etc.), which (in general) means fewer employees needed to build those cars and supply those related industries....which means more people with less money....which means those people are going to buy fewer things, which means less money for all of the other businesses... and so on. It just spreads. Everything depends on everything else.

You can't just build a factory and start producing say, steel, overnight. And what happens if the tariff is dropped right after you finish your factory? You're going to get hosed, so it's a huge risk - especially with someone as inconsistent as Trump.