Trump floats eliminating U.S. income tax and replacing it with tariffs on imports - eviltoast
  • Ledivin@lemmy.world
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    5 months ago

    What? No, this is the same exact discussion… that is literally one of the primary purposes of tariffs: to give an advantage to local producers.

    • RememberTheApollo_@lemmy.world
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      5 months ago

      I think you misunderstand, friend. The ship has already sailed overseas and there aren’t enough “local” producers to make up for the rise in costs faced by the people who shop where the cheap imported goods are and the middle class that consumes the most.

      The only advantage is to the government collecting the tariffs on the poor and middle class. Like I said, the rich won’t care.

      • Ledivin@lemmy.world
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        5 months ago

        Yes… that’s literally the point? Tariffs both support existing local producers and are an incentive to move production local.