#tariffs suck

[miaeons]

i bought a playboy branded hat for 2.50, an oversized black knit sweater for 2.50 nd... a super adorable pleated skort... for 2.50. 7.50 outfit total 😱 all purchased at a "tariffs suck" sale in scarby iykyk

[hungercityhellhound]

[rylorants]

Tariffs, those taxes imposed on imported goods, often masquerade as tools of economic protection. However, a closer examination reveals their detrimental effects on both domestic and global economies. Rather than fostering prosperity, tariffs often breed inefficiency, inflate consumer costs, and incite harmful trade wars.

Here's a breakdown of the key arguments against tariffs:

Increased Consumer Costs:

Tariffs directly translate to higher prices for consumers. When imported goods become more expensive, domestic businesses, shielded from competition, can also raise their prices. This reduces consumer purchasing power and diminishes overall economic well-being.

Reduced Economic Efficiency:

By artificially protecting domestic industries, tariffs stifle innovation and discourage efficiency. Businesses, lacking the pressure of international competition, have less incentive to improve their products or reduce their costs. This leads to stagnation and a less dynamic economy.

Retaliatory Trade Wars:

Tariffs often trigger retaliatory measures from other countries. This escalation of tariffs and counter-tariffs, known as a trade war, disrupts global supply chains, harms exporters, and creates economic uncertainty.

Harm to Domestic Industries:

While some domestic industries may gain temporary protection from tariffs, many others that rely on imported goods as inputs suffer. This can harm downstream industries, leading to job losses and reduced economic output.

Distortion of Market Forces:

Tariffs interfere with the natural flow of goods and services, distorting market signals and leading to inefficient allocation of resources. This can hinder long-term economic growth and prosperity.

In conclusion, while tariffs may offer the illusion of short-term protection, their long-term consequences are overwhelmingly negative. A free and open trading system, though not without its challenges, ultimately fosters greater economic efficiency, innovation, and prosperity for all.

[cryptorylo]

Tariffs, those taxes imposed on imported goods, often masquerade as tools of economic protection. However, a closer examination reveals their detrimental effects on both domestic and global economies. Rather than fostering prosperity, tariffs often breed inefficiency, inflate consumer costs, and incite harmful trade wars.

Here's a breakdown of the key arguments against tariffs:

Increased Consumer Costs:

Tariffs directly translate to higher prices for consumers. When imported goods become more expensive, domestic businesses, shielded from competition, can also raise their prices. This reduces consumer purchasing power and diminishes overall economic well-being.

Reduced Economic Efficiency:

By artificially protecting domestic industries, tariffs stifle innovation and discourage efficiency. Businesses, lacking the pressure of international competition, have less incentive to improve their products or reduce their costs. This leads to stagnation and a less dynamic economy.

Retaliatory Trade Wars:

Tariffs often trigger retaliatory measures from other countries. This escalation of tariffs and counter-tariffs, known as a trade war, disrupts global supply chains, harms exporters, and creates economic uncertainty.

Harm to Domestic Industries:

While some domestic industries may gain temporary protection from tariffs, many others that rely on imported goods as inputs suffer. This can harm downstream industries, leading to job losses and reduced economic output.

Distortion of Market Forces:

Tariffs interfere with the natural flow of goods and services, distorting market signals and leading to inefficient allocation of resources. This can hinder long-term economic growth and prosperity.

In conclusion, while tariffs may offer the illusion of short-term protection, their long-term consequences are overwhelmingly negative. A free and open trading system, though not without its challenges, ultimately fosters greater economic efficiency, innovation, and prosperity for all.

[hedgypipes]

Fuck The White House.

[rylorants]

FCK THE TARIFFS!!!!!!!

[rylorants]

F**k the tariffs! Without lube!

[jeffrotheman-blog]

Tariffs suck

http://en.wikipedia.org/wiki/Norwegian_butter_crisis

""Shortages persisted as a result of high importation tariffs on butter to protect the dairy industry from foreign competition."

But hey, at least it's fair and no one's being exploited, right? Interestingly enough, without foreign competition, a company called Tine wound up producing 90% of Norway's butter after the tariffs. Who'd have thought the institutional prevention of competition would lead to a near-monopoly?