Comment Re:Yeah (Score 1) 547
Tariffs are literally a tax on doing business in america. What's a company going to do, pay a 30% tax on supplies needed to produce their product for sale all over the world, or move manufacturing to mexico or canada where they don't have to pay the tax. The tariff makes it uneconomical to do manufacturing in the US for things made for export, as in, things that bring money into the country. US based companies just don't have the economy of scale that companies that sell worldwide have and spinning up factories to only cater to the US market is rarely cost effective. So all that happens is we end up paying a tax to the government and things still get imported. This happened with the steel tariffs bush imposed. It was the push needed to move many factories offshore. Tariffs are a bad, bad tax.