>>512436417Tariffs are made to make foreign products less competitive but it only works if your domestic production can satisfy the domestic market.
For example, Europe has tariffs on American cars so Europeans will buy Euro cars and European car industry can satisfy the demand.
I'm not so sure it's good for the domestic consumers, it's the same at best, but when you CAN'T satisfy the domestic demand then you are just fucking up your own people.
Like, you can't buy an American laptop so you're going to burden Chinese laptop with tariffs that will be paid either by consumers or the importer will have to eat up the difference, bad for domestic economy either way.
The big problem here is that Americans STILL don't understand how tariffs work, kind of like here when VAT was introduced but it took like a month for even the dumbest fucks to figure it out yet American officials still spout "China will pay tariffs" nonsense, so they are either dumb as fuck or lying to the dumb population.
