A policy of imposing tariffs against imports from China, Japan and Mexico, which as economist Mark J. Perry notes is really a tax on U.S. consumers, would, if “effective,” dramatically reduce U.S. exports to the targeted countries. The study finds, “Even without retaliation, exports to the three countries would fall by 78% as a result of business losses that the three countries would incur as U.S. imports from them declined.”
Upending the world trading system would bring dramatic results, none of them good for Americans. Donald Trump fails to understand that and indeed boasts about how much harm he can do to other countries, while also failing to realize it is Americans who he will harm the most. Doesn’t that make him a dangerous man to hand the power of the presidency?
Japan and Germany make quality products and pay their workers well.
Germany has quite a bit of free trade in that EU...
The coolest thing about non-brain functioning Neo-Cons is that when they have no sensible answer they click the smiley.
And you just keep speaking nonsense. Share some examples where tariffs have worked.
You have yet to tell us if you live off your Investments.
I will presume you do.
You are frozen in the past.
The technology of today allows non-Ricardian Free Trade to employ non-citizens, here and abroad, without sacrificing inventory.
The US has done so and produced a nation of food servers.
Tell me that's good.
I know it's good for YOU.
Tell me it's good for 98% of Americans.
Tariffs will return you and the owners and managers of MNCs to a normal income and relieve millions of people from serving coffee.
I know you shutter at the thought.