Kickle said:

I'm not well versed on this topic so I'm just spit balling. But I tend to find some logic in any thinking. I get the logic of tariffs causing inflation on products already in the market. You cannot raise the cost of a good without passing it on to the consumer.

But I see the logic of tariffs imposed as a way to prevent a goods entry into the market differently. The absence of something already absent in the market doesn't seem like it would cause inflation. But it also wouldn't drop prices. But I think that's the point. Keep the money local and such to support higher paying jobs.

I suspect the complexity lies in 'retaliation' from those who have tariffs imposed on their goods.

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gopher said:

I posted the video, BYD is a legitimate option for electric vehicle, they are regularly sold in Europe

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TrancedOutBrah said:

Kickle said:

I'm not well versed on this topic so I'm just spit balling. But I tend to find some logic in any thinking. I get the logic of tariffs causing inflation on products already in the market. You cannot raise the cost of a good without passing it on to the consumer.

But I see the logic of tariffs imposed as a way to prevent a goods entry into the market differently. The absence of something already absent in the market doesn't seem like it would cause inflation. But it also wouldn't drop prices. But I think that's the point. Keep the money local and such to support higher paying jobs.

I suspect the complexity lies in 'retaliation' from those who have tariffs imposed on their goods.

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The problem becomes that everything directly involved in manufacturing that product is now significantly higher. So think of tariffs on steel. It's not just manufacturing big businesses, it's now tools, homes, appliances, etc all have a major increased cost due to the tariff. That means goods and services (ie: handymen that now have to buy tools at a 50% markup) now charge for a higher price for their service. Things you wouldn't even think of it impacting now have a huge increase of cost on their end which of course means that cost is now being passed onto the consumer and literally nobody is happy about it.

Tariffs in the modern world are a bad thing in a capitalistic society.

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Kickle said:

TrancedOutBrah said:

Kickle said:

I'm not well versed on this topic so I'm just spit balling. But I tend to find some logic in any thinking. I get the logic of tariffs causing inflation on products already in the market. You cannot raise the cost of a good without passing it on to the consumer.

But I see the logic of tariffs imposed as a way to prevent a goods entry into the market differently. The absence of something already absent in the market doesn't seem like it would cause inflation. But it also wouldn't drop prices. But I think that's the point. Keep the money local and such to support higher paying jobs.

I suspect the complexity lies in 'retaliation' from those who have tariffs imposed on their goods.

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The problem becomes that everything directly involved in manufacturing that product is now significantly higher. So think of tariffs on steel. It's not just manufacturing big businesses, it's now tools, homes, appliances, etc all have a major increased cost due to the tariff. That means goods and services (ie: handymen that now have to buy tools at a 50% markup) now charge for a higher price for their service. Things you wouldn't even think of it impacting now have a huge increase of cost on their end which of course means that cost is now being passed onto the consumer and literally nobody is happy about it.

Tariffs in the modern world are a bad thing in a capitalistic society.

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Things already in the market, like steel, make sense to me. Or materials made from steel which are also already in the market. It's the not currently in the market stuff I'm curious about.

Consider that Biden kept the tariffs Trump imposed on China in place and even expanded them. What does that mean?

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I bet he couldn’t tell you

Kickle said:

I suspect the complexity lies in 'retaliation' from those who have tariffs imposed on their goods.

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Kickle said:

Does a tariff influence inflation if the tariff prevents the sale of the good in the first place?

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Kickle said:

Yeah but that can in theory serve an industry like the automotive industry to pay living wages. Driving down costs to match a country with lower wages isn't necessarily a win for the American worker.

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