I’d like to think that the tariffs were thought through.... or theirs some sort of trade negotiation plan.
It’s like an article I read about an American keg manufacturer saying how it was going to make his business even less profitable compared to the Chinese. The tariffs are on raw steel, not manufactured goods, so he would have to buy even more expensive steel in U.S then he was before plus compete with Chinese manufacturing cost. The whole idea seemed counter intuitive to myself.
The raw steel from China dwarfs manufactured steel products.
I have no formal economics education but I don’t think you can blame China for trade deficits, consumers want cheaply made disposable products. I’m Canadian myself but our cultures are quite similar.
Good example is I’m an electrician and for the past decade I’ve always worn Redwing boots. Made in U.S.A, they’re the most comfortable boot I’ve ever had, and I usually get 3-4 years of hard use out of them. I just replace when the goretex waterproof stops working.
They’re about 300-325 Canadian here a pair. Most my coworkers end up buying Dakota or Timberland boots that range from 150-200$, give you blisters for the first month, and seams usually fall apart after a year. Most people think I’m crazy paying a 50 percent premium on boots but I like the quality.
