I'm only gonna say this once - Tariffs hurt the lower and middle class
I saw Trump on this Bloomberg interview in Chicago today and realized he does not understand economics.
And here's a simple example -
Solar panels
They are made very cheap and sent to the US. Here's the impact:
1) Panels are made elsewhere - so the factories that were never built and employees that were never hired stay that way.
2) They are so cheap that they make economic sense for homeowners and commercial users to install them and save money on energy and help the environment.
3) Many new jobs a created - which includes the importers, distributers, installers and yes, financers that create the lease agreements that help make economic sense of panel use to generate electric.
Impose tariffs - the contractors that install them lose all that work, the homeowners pay more for electric, the power companies have to add capacity to their networks...
Other stuff -
Increasing the costs of things to consumers costs them more - building factories that people in the US are not willing to work in will not elevate the American Worker - only education will do that.
Nobody is raising there kid to work in a factory. Nobody. We are just going to pay more and alienate our suppliers...
Where it could work:
If there are producers in place here, we can protect them, but should be on a sliding scale based on what we can export
And here's a simple example -
Solar panels
They are made very cheap and sent to the US. Here's the impact:
1) Panels are made elsewhere - so the factories that were never built and employees that were never hired stay that way.
2) They are so cheap that they make economic sense for homeowners and commercial users to install them and save money on energy and help the environment.
3) Many new jobs a created - which includes the importers, distributers, installers and yes, financers that create the lease agreements that help make economic sense of panel use to generate electric.
Impose tariffs - the contractors that install them lose all that work, the homeowners pay more for electric, the power companies have to add capacity to their networks...
Other stuff -
Increasing the costs of things to consumers costs them more - building factories that people in the US are not willing to work in will not elevate the American Worker - only education will do that.
Nobody is raising there kid to work in a factory. Nobody. We are just going to pay more and alienate our suppliers...
Where it could work:
If there are producers in place here, we can protect them, but should be on a sliding scale based on what we can export
