Re:The Size of BYD's Factory
by flyingpenguin on Monday November 25, 2024 @10:38AM
(#42237133)
The purpose is to prop up local companies.
Which is not always a bad idea, having a local supply and innovation of something can be rather important, local money is less "Gone" than foreign money, think of how healthy small towns are when all of the shops are local vs when they are not.
The problem comes when there is no realistic local competition. If you don't make something locally at all, an import tariff is just a stupid tax.
Yes. Tariffs are bad for consumers. The supposed benefit is to manufacturers, since in that scenario Tesla will be able to sell its cars at a higher price and profit.
Doesn't that mean that American will have to pay $50 000 for a car that is worth $25 000? While people in other countries will be able to buy cars cheaper, buy more of them and maybe it somehow improves their life quality.