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87
Consume Tariffs (media.scored.co)
posted 1 year ago by Spoonks on scored.co (+0 / -0 / +87Score on mirror )
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EternalJew on scored.co
1 year ago 4 points (+0 / -0 / +4Score on mirror ) 3 children
It's not just labour costs. Countries like china have subsidies for specific industries like automobiles which can seriously harm domestic manufacturing
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WeedleTLiar on scored.co
1 year ago 2 points (+0 / -0 / +2Score on mirror ) 1 child
Countries like Canada, a supposed ally, subsidise their own agriculture and then slap a 400% tariff on Amwerican dairy.

I make sure to remind my fellows of this when they start getting riled about the tariffs; *we* started it 30 years ago.
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EternalJew on scored.co
1 year ago 0 points (+0 / -0 )
That's a bit misleading. Every government with competent leadership subsidises agriculture and stock breeding as well as related industries to keep quality of life higher in rural areas so urban ones don't outpace them completely and keep these industries alive in case of shortage of imports and/or conflicts.

Canada in particular has that tariff once a certain quota is met which, if I am not mistaken, the USA hasn't been able to meet.
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Vlad_The_Impaler on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 1 child
Even if you like tariffs in theory, it's hard to believe that the government can't and won't fuck this up.

Trump can't be the first U.S. President to try this. Can anyone give me a history lesson about previous times U.S. presidents imposed tariffs on multiple nations worth this much money in revenue?
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EternalJew on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror )
The government was funded by taxes imposed on imported goods until 1913, with the revenue act of 1913 which reimposed income tax. They say the 1930 Smoot–Hawley Tariff Act was a fuck up. You can't really take it at face value though since the great depression was ongoing at the time.
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LawrysSeasonedSoap on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 1 child
So to grow their economy, the gave the industries grants instead of taxing imports? Interesting...
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EternalJew on scored.co
1 year ago 0 points (+0 / -0 )
No, they did that to drive market share toward electric vehicles domestically for whatever reason (likely population control) and eat into legacy auto manufacturers market share internationally and thus crippling economies reliant on them, like the USA, Germany, France, Italy etc.
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