Me: USA should do all it's manufacturing domestically! 😤
Also me: *Buys Chinese knock off OtterBox to save ~$30*
Tarriffs would make prices go up because local manufacturers do not have to compete as much with foreigners so they could get away with charging more and not researching more efficient and cheaper manufacturing methods
But it is worth the price hike to ensure local production facilities exist
If you are not going to have local taxes then you do not need tarriiffs
But if you have local taxes then Tarriffs should always be greater than or equal to local taxes
@basedbagel You can suport domestic market and use current system.
But it should be greater than or equal to 51% domestic and less than or equal to 49% foreign market.