Liberal Forum

Zeets2 » Today, 11:42 am » wrote: ↑

Today, 11:42 am

You're such a blind suck-up to the CNN spin that you can't use your own tiny brain to figure out what really happens economically, and you, who touts yourself as a student of economics, yet you don't know ****!

Sure, if all things remain the same, LG would raise the price on their appliances to cover the cost of that new tariff.  But is LG the ONLY appliance manufacturer in the country?  What about Frigidaire, Sharp, Samsung, Maytag, Haier, Whirlpool, and at least half a dozen more?  Suppose several of them are either manufactured here in the US or in a country other than China that may not get hit with the same tariff because they trade fairly with us?  Now, LG's price to the consumer (including the increased price to cover the tariff) comes in at $50 or more than a comparable model of refrigerator that DOES NOT have to pay the tariff, so what happens?  Quite simply, the consumer either buys a similar model from another brand or CHOOSES FOR THEMSELVES to pay the higher cost for whatever reason.

And don't discount the likelihood that once LG sees that higher cost for production in China, they might very well open up or retool a US based manufacturing facility to make those appliances here instead, which would save on the tariff PLUS bring thousands of great jobs back into THIS country!

In those instances, China could either drop their costs and eat that new tariff themselves so as not to lose a major manufacturer to relocate back to the US, or accept that their sales to the US will now drop by 30% or more as they lose out to the competition.

THAT is how the Trump plan would work, you simpleton!
But you go right ahead swallowing the biased left-wing **** you're fed by the news network that's been in the tank for Kamaltoe and Biden for years, telling you nothing but half-truths because they know what gullible morons Democrats like you are!