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The Water Cooler
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If you don't vote, don't complain...
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<blockquote data-quote="dennishoddy" data-source="post: 4348089" data-attributes="member: 5412"><p>Tariffs are certainly passed on to the people purchasing the products with tariffs attached which indeed make people look elsewhere for the goods they are buying, </p><p>Lets take for instance Carrier air conditioning was going to move to Mexico for production laying off thousands of US employees. When Trump was in office, he said there would be a 200% tariff on their products if they did that. The changed their mind and stayed where they are still to this day located. </p><p>John Deere said they were dumping employees and moving to Mexico. Even though he is not President, Trump said that he would put a huge tariff on their tractors and other equipment coming back into the US. </p><p>I think I heard they are reconsidering their relocation now. </p><p>The "threat" of tariffs keep industry in the US but also increase prices of goods manufactured overseas that US consumers buy that might induce some manufacturing to come back, but not all.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 4348089, member: 5412"] Tariffs are certainly passed on to the people purchasing the products with tariffs attached which indeed make people look elsewhere for the goods they are buying, Lets take for instance Carrier air conditioning was going to move to Mexico for production laying off thousands of US employees. When Trump was in office, he said there would be a 200% tariff on their products if they did that. The changed their mind and stayed where they are still to this day located. John Deere said they were dumping employees and moving to Mexico. Even though he is not President, Trump said that he would put a huge tariff on their tractors and other equipment coming back into the US. I think I heard they are reconsidering their relocation now. The "threat" of tariffs keep industry in the US but also increase prices of goods manufactured overseas that US consumers buy that might induce some manufacturing to come back, but not all. [/QUOTE]
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