- Aug 20, 2002
- 7,319
- 1,555
No tariffs are great if it equalised the equation, but you as an outside a bargaining unit, should know that it doesn't. When Obama was president he did tariffs on Chinese tires. You know what happened ?All the tire manufacturers did was raise their prices on all tires regardless to where they manufactured the tires in the world. This did nothing but enrich the tire manufacturers, and made tires more expensive for the people who have a business to sell tires. This inturn pissed consumers off that had to buy tires. Your IPhone will just cost more regardless where it is made, because the manufacturer will just pass it along to the consumer. Or they will offshore it to Vietnam avoiding the so called tariffs,and still raise prices.
Vietnam had recently become the destination for Labor savings for company's due to the increase in labor costs in China. Samsung etc..