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tariff is a tax on consumers.,moncler down
You are paying more for certain goods (and there are about 13,000 separate tariffs) than you should just for the benefit of a few manufacturers who cannot compete in the world market. Every country is not just a unit unto itself any more. We now have a global economy that allows specialization of products. If a company cannot compete it should not be in business and should not penalize the majority of its citizens for the benefit of a few.You, the consumer,Moncler Spring & Autumn, should not have to pay more for tomatoes, brassieres and steel just so our politicians can get reelected. That is what is boils down to. Unions will promise to back certain candidates if they will vote for tariffs (tax increases) that protect incompetent manufacturers. The steel tariff is an excellent example. Bush put on a tariff when he could have given a tax break to help modernize that industry. In the long run our steel production will disappear because of continuing inefficiency.If we get into a trade war where one country trumps another with more and more tariffs it is a guaranteed loser for everyone. Visualize this as building a house of cards. You end up with a game of 52-pickup. It could go to the ultimate of deflation and depressions for all the countries of the world.
Protectionism in all of history has never worked.
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