News for hackers. Stuff that matters.

A comment on The Largest US Trading Partners All Put Higher Tariffs on the US Than Vice Versa. Parent comment

Re:The Largest US Trading Partners All Put Higher Tariffs on... by mabbo on Wednesday August 08, 2018 @10:32AM (#17716260)
> Whereas high foreign tariffs on US goods are in effect a tax on foreign consumers, meaning they get less for their money.

When prices are higher, consumers buy less. So those foreign consumers are indeed getting less for their money- so they will buy less US Goods, reducing the money coming to US producers. Instead, those foreign consumers will buy local goods at lower prices.

[ Parent | on HN ]
Re:The Largest US Trading Partners All Put Higher Tariffs on... by wpietri on Wednesday August 08, 2018 @04:57PM (#17719413)
Except that foreign competition will reduce prices overall. Tariffs blunt that, meaning foreign consumers will buy local goods at higher prices than they would without tariffs.
[ Parent | on HN ]