Tariff’s are bad for M-E but are good for us? The question mark basically states we are trying something rather new in today’s times and nobody actually understands how it truly will play out.
GOOD FOR US
- Puts in a policy that allows our manufacturing facilities to play on an evil place with the competitors
- Builds our own national defense as we would now produce vital items in our own country.
- Develops good paying jobs for the American people.
- Provides our nation needed tax revenue that is not necessarily based on income which allows it to be lowered for all our citizens.
- Enables us to not only develop new technologies at home but produce them here as well.
BAD FOR M-E
- Increases prices on the items I normally buy
- Increases costs on the items I normally sell
- Causes instability in most of the investments I have monies allocated too.
- Reduces buying power of consumers that purchases my products
- Makes it more difficult to predict the future path ahead.
FOOTNOTE- I believe we should give the tariffs a try but eliminate the 10 % minimum to countries that have no tariff with us.