People aren’t taught what tariffs are actually for anymore. They’re meant to protect local industry by artificially increasing foreign goods; not to decrease prices. Unfortunately, it’s not going to do us much good since the damage to our local industry has already been done.
Since that Newsweek article was basically worthless, here is the source of the information: https://www.lendingtree.com/business/tariffs-imports-exports-study/
It didn’t even link to that.
Edit: Also, the map isn’t even accurate.
Ouch, right in the generation. Millennials, please stop embarrassing me.
People aren’t taught what tariffs are actually for anymore. They’re meant to protect local industry by artificially increasing foreign goods; not to decrease prices. Unfortunately, it’s not going to do us much good since the damage to our local industry has already been done.
The main thing you hurt when you implement a tariff with no alternative to domestic businesses is those businesses.
Thanks FS, I always appreciate being able to see the actual source. Get on wit’ yo’ Bad Self!
No problem. Newsweek is such a shit outlet. They didn’t even link to it!