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Inflation Watch
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<blockquote data-quote="Johnny" data-source="post: 3976642" data-attributes="member: 14057"><p>The tariffs were a joke. Companies continued to import and paid the tariffs and passed the costs onto the consumers. Which yes did put local products in a better position. </p><p></p><p>But ultimately. What happened to the tariff money?</p><p></p><p>The companies/ corporations receive a good portion of paid tariff money back at the end of the year. </p><p></p><p>So the consumer footed the bill when paying inflated prices. The US government got their cut, and the corporations buying goods oversees made record profits those years because of it in the form of rebates from the federal government. </p><p></p><p>I don’t see where any big manufacturing facilities were brought back on line domestically because of the tariffs. The raw materials still come from overseas, no massive auto manufacturing lines brought back into our boarders. Heavy equipment and machinery still manufactured overseas. The only thing the tariffs accomplished as making rich people richer and making middle class people poorer.</p></blockquote><p></p>
[QUOTE="Johnny, post: 3976642, member: 14057"] The tariffs were a joke. Companies continued to import and paid the tariffs and passed the costs onto the consumers. Which yes did put local products in a better position. But ultimately. What happened to the tariff money? The companies/ corporations receive a good portion of paid tariff money back at the end of the year. So the consumer footed the bill when paying inflated prices. The US government got their cut, and the corporations buying goods oversees made record profits those years because of it in the form of rebates from the federal government. I don’t see where any big manufacturing facilities were brought back on line domestically because of the tariffs. The raw materials still come from overseas, no massive auto manufacturing lines brought back into our boarders. Heavy equipment and machinery still manufactured overseas. The only thing the tariffs accomplished as making rich people richer and making middle class people poorer. [/QUOTE]
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