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this post was submitted on 01 Oct 2024
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The tariff is paid by the car dealer and passed onto the consumer. As one example.
Consumers pay it, not the overseas manufacturer.
Correct. So in the car example, it really only works if the US puts a tariff on imports, and then they do some kind of government credit for domestic cars. This would raise the price of imported cars while making domestic cars more affordable to Americans.
Only kinda, that assumes enough people still buy the imports otherwise there's no money to transfer over.
Even domestic cars are assembly in America but the parts come from other countries so no you still going be effected by that.
Also keep in mind there a reason shit not made here. We can't compete with their cheap labor prices. So even if you tried to move some of those jobs back here it would still cost the consumer a shit ton more money on said goods.
A tariff isn't a money making tool, it's about making a good not as great a deal against another, typically a domestically made good.
Trump doesn't understand it though. He plans* to use it to finance childcare.
*As if he would do something like that. Why keep kids fed when you can line your pockets instead.
There’s a sound bite of him at a recent rally talking about how much he hated paying overtime and how he would avoid it.
He doesn’t care.
Trump has a history of treating workers poorly for decades. He has been known to exploit labor from those that might not want to talk with Immigration, paying pennies on the dollar, or just straight out refusing to pay them and threatening counter-lawsuits if they try to use the courts to recover any money. When he did his feed with Elon he gave Elon praise for firing workers on strike.
Trump and Musk discussed firing striking workers. The UAW is now seeking an NLRB investigation
And I'm sure he doesn't feel it understand empathy
Cluster B. NPD is not known for empathy.