US President Donald Trump told world business leaders on Thursday to manufacture in the United States or face tariffs, in his first major speech to global leaders since returning to the White House this week. … “Come make your product in America and we will give you among the lowest taxes of any nation on earth,” Trump said today, speaking remotely to the World Economic Forum (WEF) in Davos, Switzerland.
“But if you don’t make your product in America, which is your prerogative, then very simply you will have to pay a tariff,” he added.
Someone should tell him who actually pays the fucking tariffs. I kinda get the feeling that nobody around the motherfucker even tells this dipshit things he clearly has wrong because they’re afraid of losing their status if they call him out for being a dumbass.
Maybe in some cases the price increase will stop sales (if it doesn’t, yea, it’s extra sales tax), which if there is no investment in expansion of local replacement capacity (of course not, trump and his toadies can’t think that far ahead) will lead to shortages in the US and less revenue for the exporter. Either way, it is a lose-lose situation, but trump will be happy to have hurt the exporter (or they lower the export value to absorb the tariff)…
I also think part of the plan is that voters will cyclically vote in Democrats after things really hit the fan and then they’ll be able to fix large portions of the mess that have been made before people get too comfortable and vote Republican again and they can fuck everything up.
Seems to be the pattern…
Yes, the consumer pays the tariff, but it does impact the seller as their products will now be more expensive which will potentialy drive down demand and/or eat into profits.
Also, in studies, products that aren’t imported tend to raise their prices to match the rest of the industry, rather than leaving it as it was.
Even the cost of goods made in America would get more expensive.