ELI5 how tariffs work. Are they not just like taxes one country puts on another? If so why do people especially republicans keep with Trump on imposing? Would it not hurt the US? - eviltoast
  • WhiteOakBayou@lemmy.world
    link
    fedilink
    English
    arrow-up
    4
    ·
    1 month ago

    Sugar is a great example. The American sugar (and select other ag industries) are deemed to be essential so the government is okay with allotments and price supports. This doubles our price domestically. Tariffs do not make anything cheaper absolutely only relatively.