I don't know what your playbook by the left comment means, but ...Walla Walla Dawg II wrote: ↑Fri Sep 13, 2024 8:55 pmA tariff is a tax. Just a fancy word for over-taxing something from some other country.
And the question is, "Why does President Trump keep saying that the other country is paying the tariff"? Especially when that isn't the case. It's the consumer paying the higher tax for that product from China (or elsewhere).
And a little bit of information on the corporate tax structure.....
CORPORATIONS DON'T PAY TAX
If the Corporate tax is raised, the corporation will just raise the cost of their product, thus passing the additional cost to us (the consumer). So in essence, all that raising corporate taxes is going to do is to make their product more expensive.
Same playbook by the left every election cycle.
Either a tariff paid by an importer or a tax paid by a corporation (or a business organized in some other way) increases that firms costs. These costs MAY be passed on to the consumer (the firm certainly wants to) but the market and the forces of supply and demand dictate that.
I understand the argument of protecting American businesses. I've said before, I do my best to "buy American" but I think people should be free to do otherwise.
Another argument against tariffs is that the "protection" can simply have the effect of making the "protected industry" fat and lazy. It happened with the US auto industry in the 1970s and 1980s (I think those were the years), where American auto companies stopped investing in innovations because ... they were not facing foreign competition because of protective tariffs. Meanwhile, auto companies in places like Japan and Germany innovated continually and got a decade ahead of our companies in knowledge. Why did the innovate? The HAD to to survive. Our auto companies did not.
None of this answers the question, is trump uninformed or misrepresenting the truth?