That's literally how tariffs are supposed to work. I'm confused about what you thought should happen?
Local producers are supposed to raise prices so there is more money for worker pay or business reinvestment or both.
That's literally how tariffs are supposed to work. I'm confused about what you thought should happen?
Local producers are supposed to raise prices so there is more money for worker pay or business reinvestment or both.
Capitalists only care about profits.
I live in a country where we have many protectionist tariffs and the locally produced goods are expensive and lower quality compared to imported goods which guarantees profits at the expense of consumers.
I don't understand why people still believe in this day and age that wages will ever increase despite data showing the opposite for literal decades.
How many times does Trump need to explain this to you?
Other countries are angry about this because it discourages importing from them, and their US exports may go down, or they may have to lower their US export prices. Not because they have to pay a fee or a tax to the US.