I really don’t know enough about this to be sure, but I would assume the US mainly imports goods that they cannot produce on their own, right? So a reduction in demand wouldn’t occur and it really doesn’t make a lot of sense in this scenario. But again, I’m not an expert. Would love to see a statistic how much of the goods being imported by the us could realistically be replaced by their own production.
That being said, the orange turd continuously makes it seem like a 20% tariff on a country means that that country pays 20%, which is just false and dumb.
I really don’t know enough about this to be sure, but I would assume the US mainly imports goods that they cannot produce on their own, right? So a reduction in demand wouldn’t occur and it really doesn’t make a lot of sense in this scenario. But again, I’m not an expert. Would love to see a statistic how much of the goods being imported by the us could realistically be replaced by their own production.
That being said, the orange turd continuously makes it seem like a 20% tariff on a country means that that country pays 20%, which is just false and dumb.