to see what global countries in 2022 charged a tariff on imported goods from the USA.
While I did not count myself, it appears that almost every country in the world charged us some sort of tariff to protect their own goods.
What do tariffs accomplish?
Simply put...
I place a tariff on the goods I import from your country, it makes your goods more expensive relative to the cost of my goods, so my citizens in order to save money, will buy local goods rather than imported goods.
IN MY OPINION...
The problem with tariffs, especially in the USA, is that, if the US goods are cheaper to buy than imported goods, like:
- Cars
- Computers
- Cell phone
Then what incentive, do I have as a company, to invest money into my manufacturing process to improve the quality of my product?
I have no incentive because my goods are cheaper and the consumer will buy my product.
So, why would any government want to protect their companies like that so their citizens are buy poor quality products?
Does not seem very smart to me unless the GENERAL PUBLIC is not that smart and does not realize what is happening to them...
Something to ponder.
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