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Political Discussion
Reply to "25% tariff effective January 20th"
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[quote=Anonymous]Ah, well. The "salt of the earth" MAGA should enjoy tarriffs The washing-machine industry provides an example. When the US first imposed China-specific duties in 2017, manufacturers simply shifted production to Thailand and Vietnam. Only after the US enacted global tariffs in 2018 did Samsung and LG build American factories. While this eventually achieved the political goal of creating US jobs, it required comprehensive trade protection and came with [b]higher prices for consumers[/b] But modern vehicle production is far more complex. [b]When the Trump administration imposed tariffs on Chinese auto parts in 2018, it did not protect American jobs at all. [/b]Instead, it raised costs for US automakers who relied on imported components. [b]Higher input costs led to slower export growth and job losses in affected industries.[/b] https://www.ft.com/content/d9509d9d-a869-4ec9-94e7-a96f9b34ddc0[/quote]
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