Toddsterpatriot
Diamond Member
ToddsterPatriot, increasing the GDP means increasing the nation's production of goods and services. Regardless of tariffs, there is or there isn't a net increase of gross domestic production.Reminding us all that the Trump administration doesn't really grasp the point of trade they've announced that they're going to make all Americans that little bit poorer by slapping import tariffs of 16.5 to 81% on imports from China of aluminium foil. There's no great national security issue here, just an insistence that China offers this stuff too damn cheap and Americans darn well ought to be paying more.
Trump Admin Makes Americans Poorer - 16% to 81 % Tariffs On Chinese Aluminum Foil
Does this tariff on foil increase US GDP?
.
If USA continues to consume the same volumes of Chinese aluminum, there'd be no increase. Regardless of USA's volumes of aluminum production, if our aggregate production of goods and services did not increase, or if it rather decreased, our GDP would not increase or it would rather decrease.
.
I'm not a proponent of tariffs or other methods for government choosing winners and losers; I'm a proponent of the substantially market-driven policy described within Wikipedia's “Import Certificates”.
Respectfully, Supposn
If USA continues to consume the same volumes of Chinese aluminum, there'd be no increase.
A 16%-81% increase in Chinese aluminum prices would tend to do what to consumption?