The companies have found plenty of new channels to the U.S. market — demonstrating the potential limits of the tariffs Donald Trump has promised to impose.
Tariffs have an overall negative effect on the US. Not only will products become more expensive (domestically produced and imported), the dollar will also strengthen, reducing exports to other countries. It’s a lose-lose situation.
Yep. This article explains the problem well: https://taxfoundation.org/testimony/tariffs-alternatives-boost-us-competitiveness/
Tariffs have an overall negative effect on the US. Not only will products become more expensive (domestically produced and imported), the dollar will also strengthen, reducing exports to other countries. It’s a lose-lose situation.