FlyingDragon
VIP Member
- Nov 4, 2010
- 4,054
- 2,417
To see how all this might work out in the future, we could see how it worked out in the recent past. I'm not real good at all this Intl economic gamesmanship, but those who are can look back to January (2018) when we hit solar panels and washing machines with tariffs. That move was directed at any nations that exported them to us, but it turns out China and South Korea do most of that. Global economics were further complicated by the fact the Chinese and S. Korean companies responsible for this farmed out some of their manufacturing to other nations, sorta like those big "Japanese" cars who have factories right here in the US of A. I wasn't shopping for either product, and I'm not employed by anyone who would be directly affected by this, so I didn't pay much attention at the time.
I DO have memories of generally negative reaction to this earlier dry run at the tariff game, including from USA consumers, but have things had a lasting effect, or did it all blow over?
An overseas washing machine maker cancelled construction of a new USA factory after the tariffs were announced. That took away good paying jobs here in the USA, so yes tariffs do have an lasting effect....