Wouldn’t It Be Cool If we learned from POLITICS?
Here are my understanding of tariffs:
Country A puts a tariff on a product produced both foreign and domestic, let’s say Steel for example.
This hopes to promote more interest in the cheaper product produced domestically so the consumer can make a choice based on quality and price that favors the domestic producer.
When Country A puts a tariff on a product that is NOT produced domestically, let’s say Bananas for example….
As this product is not produced domestically and does NOT give the consumer a choice NOR favor the non-existent domestic producer, the consumer pays more for the product.
Lose/Lose
What do YOU think?
Last Updated on 08/12/2025 by Death of Hypatia Inc.
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