minus-squarebanshee@lemmy.worldtoWorld News@lemmy.world•Chinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again.linkfedilinkEnglisharrow-up18·10 days 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. linkfedilink
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.