schizoidman@lemm.ee to World News@lemmy.worldEnglish · edit-22 months agoChinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again.www.nytimes.comexternal-linkmessage-square2fedilinkarrow-up198arrow-down17file-text
arrow-up191arrow-down1external-linkChinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again.www.nytimes.comschizoidman@lemm.ee to World News@lemmy.worldEnglish · edit-22 months agomessage-square2fedilinkfile-text
minus-squarefloofloof@lemmy.calinkfedilinkEnglisharrow-up37·2 months agoThe countries that will suffer most from Trump’s tariffs are Mexico, Canada and the USA.
minus-squarebanshee@lemmy.worldlinkfedilinkEnglisharrow-up18·2 months agoYep. This article explains the problem well: https://taxfoundation.org/testimony/tariffs-alternatives-boost-us-competitiveness/ Tariffs have an overall negative effect on the US. Not only will products become more expensive (domestically produced and imported), the dollar will also strengthen, reducing exports to other countries. It’s a lose-lose situation.
The countries that will suffer most from Trump’s tariffs are Mexico, Canada and the USA.
Yep. This article explains the problem well: https://taxfoundation.org/testimony/tariffs-alternatives-boost-us-competitiveness/
Tariffs have an overall negative effect on the US. Not only will products become more expensive (domestically produced and imported), the dollar will also strengthen, reducing exports to other countries. It’s a lose-lose situation.