(11-25-2024, 05:21 PM)jagibelieve Wrote: So if a company such as Walmart normally pays $10 for a widget made in China (or any other foreign country) vs. a widget made for $15 here in the U.S.A and a 100% tariff is imposed on foreign made widgets, which one would Walmart purchase to sell?

That's the idea of tariffs.  A company isn't going to buy the same widget for twice the price ($20) to sell and pass that cost onto consumers, they are going to buy the less expensive one ($15) made in the U.S.A, advertise that it's made in the U.S.A and sell the widget that might cost a consumer a little bit more than the Chinese made widget.

Yes, prices might rise just a bit, but that extra cost supports companies/business in the U.S. and in turn supports good paying jobs in the U.S.

So what happens when those other countries retaliate with their own tariffs?  You're a farmer, right?  The US exports $196 billion worth of farm products annually.  What happens when those other countries decide they will support their farmers by putting a massive tariff on our farm exports?  Would the federal government bail out US farmers?

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