Quote:
Originally Posted by dyna mo
moreover, China just devalued the yen to try and help their exporters during the trade war.
more moreover, the US dollar has been rising since the announcement of tariffs
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So you get to buy Chinese products are the same price, but they make more when they bring the money back to China which offsets the devaluation. Any Chinese products that can't be sourced locally, then it is YOU the consumer that pays that extra.. 20% Tariff tax.
Its a great incentive to buy American made however the reality is the vast majority of products traded aren't produced in America nor would they be profitable to do so, because Chinas just not making them for you there supplying the world, if it was profitable to do that.. someone would be doing it in the USA already.
Basically whatever the tariff is, is just a another tax you have been slapped with, except for the exceptional few products.