(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.

Would you be referring to widgets made in the CHIPS program, which is slated to be cancelled?

Some products are simply not made here, and our Speaker is bound and determined that they will not be made here.

On top of that, corporations will pay attention to the companies burned by the CHIPS cancellation, and will be reluctant to get involved in any future projects.

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