Oh no, minor economic hardship to New York and California's metropolii! Think of all the people that live there! Whatever will we do? Can we raise tariffs more?
The production plant I work at gets raw materials from China (and other places) that aren't always straightforward to replace. Even if they are replaced with more expensive alternatives it will result in higher prices for our customers.
What my plant produces goes into making other raw materials that make products we all buy and use, no consumers would ever buy what we produce directly.
Then what consumers buy it is more expensive and they will buy less, and my plant will get signals to produce less. Finally I or my co-workers are then reduced hours or laid off.
Consumers will eventually have to take a hit, tariff or not, Chyna achieved the low price by using near slave labors to knock out the competitions and become the sole supplier, at which point they can raise the prices because there is no alternative supplier.
Oh no, minor economic hardship to New York and California's metropolii! Think of all the people that live there! Whatever will we do? Can we raise tariffs more?
It runs a lot deeper than that.
The production plant I work at gets raw materials from China (and other places) that aren't always straightforward to replace. Even if they are replaced with more expensive alternatives it will result in higher prices for our customers.
What my plant produces goes into making other raw materials that make products we all buy and use, no consumers would ever buy what we produce directly.
Then what consumers buy it is more expensive and they will buy less, and my plant will get signals to produce less. Finally I or my co-workers are then reduced hours or laid off.
Consumers will eventually have to take a hit, tariff or not, Chyna achieved the low price by using near slave labors to knock out the competitions and become the sole supplier, at which point they can raise the prices because there is no alternative supplier.