>>511027040This anon gets it.
I work in a business that is affected by tariffs.
Back in the day (90's and early 00's) my company made almost everything in the USA.
Between NAFTA and then admitting China to the WTO in the 2000's (with "developing nation" status) things started shifting from USA to China, in terms of manufacturing.
By mid 2000's if you weren't making products in China, becasuse you insisted on making products in the USA, you were on your way to out of business in moost cases.
This is because the cost/price discrepancy was becoming huge AND China's factories were getting better and better at delivering quality.
Now it's been so long, the factories for most of the goods made in the 90's don't even exist anymore in the USA, or there's no one with the know-how to operate them.
Never mind the tooling, machinery, etc which is needed as well and no longer exists in the USA.
The tariffs themselves are 100% paid by Americans.
When Trump "tariffs China" that means he is putting a tax on American companies inporting goods (or parts) from China (or any other country at this point).
American consumers are then forced to absorb higher costs.
If you haven't encountered higher costs yet: you will.
As the legacy goods in the supply chain that weren't tariffed are depleted, they will be replaced by goods that have been tariffed.
This fall Americans will feel the full weight of price increases.
It sucks for us manufacturers, because we didn't want to produce in China in the first place, but the US government and WTO policy changes made continuing here - at least in my industry - impossible.
So, in effect, we're being punished now for what they incented us to do back then, without any good way to proceed without paying an upcharge.
And keep in mind: where does tariff money go? The US govt.
Can you think of a worse organization on earth at managing money than the US Govt?
I'll wait.