schizoidman@lemm.ee to World News@lemmy.worldEnglish · edit-211 days agoChinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again.www.nytimes.comexternal-linkmessage-square2fedilinkarrow-up197arrow-down17file-textcross-posted to: worldnews@lemmy.mlnytimes@rss.ponder.cat
arrow-up190arrow-down1external-linkChinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again.www.nytimes.comschizoidman@lemm.ee to World News@lemmy.worldEnglish · edit-211 days agomessage-square2fedilinkfile-textcross-posted to: worldnews@lemmy.mlnytimes@rss.ponder.cat
minus-squarebanshee@lemmy.worldlinkfedilinkEnglisharrow-up18·11 days agoYep. This article explains the problem well: https://taxfoundation.org/testimony/tariffs-alternatives-boost-us-competitiveness/ Tariffs have an overall negative effect on the US. Not only will products become more expensive (domestically produced and imported), the dollar will also strengthen, reducing exports to other countries. It’s a lose-lose situation.
Yep. This article explains the problem well: https://taxfoundation.org/testimony/tariffs-alternatives-boost-us-competitiveness/
Tariffs have an overall negative effect on the US. Not only will products become more expensive (domestically produced and imported), the dollar will also strengthen, reducing exports to other countries. It’s a lose-lose situation.