ThePerfectLink@lemmy.worldtopolitics @lemmy.world•Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will
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2 months agoRealistically though, that’s how tariffs just work. With products costing more, theoretically that should drive demand down and eventually lead to fewer imports. Of course, if there’s still no competing product or the product is a basic necessity, then it’ll likely just result in people paying more.
Yah, I mean realistically, I can only really see tariffs working if a nation is trying to enter an industry. That’s not the case here, but even so, these tariffs differ from the ones you mentioned because they would be against Chinese imports rather than a specific product, so I can’t imagine there’s as much risk of that sort of market manipulation from happening again… but then again, I’ve got no idea.