I keep hoping the tariff trade war makes some kind of sense that’s just beyond my grasp.

But then I keep remembering that tariffs were specifically placed on Heard Island and McDonald Island…uninhabited territories of Australia, populated only by penguins. 🤔

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swirlie

In a nutshell, tariffs are a form of taxation that is placed on foreign goods coming into the USA from another country who want to put their stuff on American store shelves to sell it, rather than keep their stuff in their own country to sell it.

When it comes to government tariffs on imported goods coming into the USA, the only Americans who will pay for those higher prices resulting from the tariffs, are those Americans who buy those foreign products from another country.

But if you buy goods that are Made in the USA, then you will not pay any tariff on goods that are Made in the USA when purchased in the USA.

Zaphod42 · 51-55, M

@swirlie That applies in some cases for sure, but what about components of US made goods that are imported? Such as auto parts, some of which cross back and forth across the Canada border multiple times before getting assembled into a domestic car? Or the rare earth minerals used in electronics such as iPhones that we simply don’t have enough of here in the states? Or the things we depend exporting (soy beans, pork, etc) to keep our farms operational and profitable?

whowasthatmaskedman · 70-79, M

@swirlie Unless they are manufactured in the USA from raw materials imported into the USA. Like iron or coal from overseas..😷

swirlie

@Zaphod42

I keep hoping the tariff trade war makes some kind of sense that’s just beyond my grasp.

Just beyond your grasp? I think you're trolling your own thread here, Zaphod.

Anyone who says..

"..but what about components of US made goods that are imported? Such as auto parts, some of which cross back and forth across the Canada border multiple times before getting assembled into a domestic car? Or the rare earth minerals used in electronics such as iPhones that we simply don’t have enough of here in the states? Or the things we depend exporting (soy beans, pork, etc) to keep our farms operational and profitable?"

..is definitely someone who has MORE than just a grasp of the concept of tariffs.