The Issue with Tariffs

Tariffs are a hot topic right now especially because of the actions that are being taken in the government to regulate them. Normally, we put tariffs on things because it makes things less competitive which makes more people buy American things. As a result other countries feel more compelled to put tariffs on our goods. To give you an example, lots of companies would like to be a “world power” like General Motors for instance competing with companies like Toyota. General Motors typically sell cars to people in America and occasionally Canada and Europe but for the most part Toyota dominates those regions.

The issue with tariffs is that Americans will still buy what they want with little acknowledgement of how much the price goes up because Americans are Americans. However for other countries that is not the case. A pair of jeans in America could cost something like $500 whereas in another country that could add up to someone's weekly salary so of course they wouldn't spend it on jeans whereas Americans care less about the matter. The masterful plan behind tariffs is that if America puts more terrific on their products people in other countries will just stop buying them which isn't good for America.

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