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The Water Cooler
General Discussion
Tariffs: Saving American Jobs Since...Wait, What?
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<blockquote data-quote="Dave70968" data-source="post: 3143927" data-attributes="member: 13624"><p>There's definitely some of that (see the CaseLabs example above), but--as in CaseLabs--often times, tariffs seem to be the straw that breaks the camel's back.</p><p></p><p>Consumer products tend to be sold at very thin margins; that's one of the effects of a free and competitive market (for better or worse). A company that's struggling, but making a go at it, suddenly faced with a tariff situation might not be able to survive. And do keep in mind that tariffs don't just raise the cost of imports; they also produce an increase in the cost of domestic goods by virtue of shifting the demand curve.</p><p></p><p>Tariffs tend to produce disproportionate effects on small business, too, benefiting larger businesses. There's actually a process for businesses to seek an exemption from the steel and aluminum tariffs...and despite thousands of applications, not a single waiver has been granted. US Steel has seen to that, despite not even being able to meet demand (and not having ramped up production in even its current facilities, let alone trying to expand).</p></blockquote><p></p>
[QUOTE="Dave70968, post: 3143927, member: 13624"] There's definitely some of that (see the CaseLabs example above), but--as in CaseLabs--often times, tariffs seem to be the straw that breaks the camel's back. Consumer products tend to be sold at very thin margins; that's one of the effects of a free and competitive market (for better or worse). A company that's struggling, but making a go at it, suddenly faced with a tariff situation might not be able to survive. And do keep in mind that tariffs don't just raise the cost of imports; they also produce an increase in the cost of domestic goods by virtue of shifting the demand curve. Tariffs tend to produce disproportionate effects on small business, too, benefiting larger businesses. There's actually a process for businesses to seek an exemption from the steel and aluminum tariffs...and despite thousands of applications, not a single waiver has been granted. US Steel has seen to that, despite not even being able to meet demand (and not having ramped up production in even its current facilities, let alone trying to expand). [/QUOTE]
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Tariffs: Saving American Jobs Since...Wait, What?
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