America will have just a few laws.
Don't be a woman.
Don't be a minority.
Don't be woke.
You can have guns.
America will have just a few laws.
Don't be a woman.
Don't be a minority.
Don't be woke.
You can have guns.
A 20% tariff on a $30,000 car adds $6,000, making it $36,000 and less competitive against domestic cars.
In short, tariffs can help local businesses but often come with higher costs and trade risks.
A 20% tariff on a $30,000 car adds $6,000, making it $36,000 and less competitive against domestic cars.
In short, tariffs can help local businesses but often come with higher costs and trade risks.
- Pros: Protects jobs, boosts local industries, and raises government revenue.
- Cons: Raises costs for consumers, risks trade wars, and can harm global trade.
- Pros: Protects jobs, boosts local industries, and raises government revenue.
- Cons: Raises costs for consumers, risks trade wars, and can harm global trade.
- Consumers: Pay higher prices for imported goods.
- Domestic Industries: Gain protection but may become less efficient.
- Trade: Can lead to trade wars if other countries retaliate.
- Consumers: Pay higher prices for imported goods.
- Domestic Industries: Gain protection but may become less efficient.
- Trade: Can lead to trade wars if other countries retaliate.
- Importers pay the tax before goods enter the country.
- Types:
- Ad Valorem: A percentage of the product's value (e.g., 10% on a $100 item = $10 tariff).
- Specific: A fixed fee per unit (e.g., $5 per ton of steel).
- Importers pay the tax before goods enter the country.
- Types:
- Ad Valorem: A percentage of the product's value (e.g., 10% on a $100 item = $10 tariff).
- Specific: A fixed fee per unit (e.g., $5 per ton of steel).