Tariffs will not lower costs. I am the import buyer at my company. The parts we get from China are 75% less than American made and just as good of quality if not better. The tariffs need to reach up to 300% to be equal to Chinese costs.
this post was submitted on 21 Jan 2025
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And even then they wouldn't lower costs for consumers, people would be paying three times more for the same product (possibly but probably not American made). There is no world in which tariffs lower costs, that's not what they're for. Tariffs are a mechanism to protect domestic products from cheaper foreign ones by making foreign products cost the same or more for consumers. People need to be shouting from the roof tops that Tariffs are a government tax on consumers until the moron MAGAts get it through their thick skulls.
You can have 30% foreign materials and still label your product as Made in the USA.