Re:US Administration announces 34% tariffs on China – 20% on EU
by tzs on Thursday April 03, 2025 @01:19PM
(#43572758)
What do they expect to happen if the heavy tariffs either move the manufacturing of those products to the US or make the imports expensive enough that consumers switch to domestic manufacturers?
That tanks the revenue from the tariffs, which would make them an ineffective replacement for income tax.
That tanks the revenue from the tariffs, which would make them an ineffective replacement for income tax.