Trump says Canada and Mexico to be hit with 25% tariffs on Saturday
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[email protected]replied to [email protected] last edited by
This assumes the local product wasn't already cost competitive. If they are close and you slap a tariff on the import that adds further incentive to pick local. Assuming local would capitalize on the added revenue via reinvestment/expansion, it would create jobs and more demand, may even make the product or services even more affordable.
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[email protected]replied to [email protected] last edited by
You mean the “amazing deal” that is 95% the same as NAFTA lmao
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[email protected]replied to [email protected] last edited by
Well the console example demonstrates long term payout strategies. Another example is in free to play games with microtransactions. You develop a game at a cost, you give it away for free, and you hope that it's good enough to hook people and get them to spend on "hats". It's a lot of money up front to make more later.
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[email protected]replied to [email protected] last edited by
Especially compared to Washington
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[email protected]replied to [email protected] last edited by
Seems like Trump is trying to get rid of the income tax. He can't just do that with an EO order though, congress has to do it.
He can do all these tariffs though, which will act as a quasi sales tax. And when everything starts to become more expensive, which will be blamed on something else, he will say he's not removing the tariffs and congress should just get rid of the income tax to help people. He will say, look we are making so much money off tariffs and we have reduced government jobs by so much, we don't need an income tax anymore anyways!
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[email protected]replied to [email protected] last edited by
Picking local versus imported has no effect whatsoever on the price of the transformed product.
Business will find the source of primary resources that is the cheapest for their needs. Best case scenario, local is what's used already and prices won't change.
Otherwise, the transformed product will cost more because either the businesses pay the new inflated price for imported resources or they switch to a local resources which is more expensive. Prices will raise no matter what.
Guess which one we'll see happening?
