The tariffs came to about 5% of the total cost. . .$75 out of $$1,290. Not onerous. That's like figuring out the cost of gas for running a $75,000 SUV for a year when insurance, taxes, car payments eat up 90% of the cost of owning the car not to mention depreciation. And, I can understand if you are operating on a razor thin margin, some might object to a modest increase in prices.
I was a committed free-trader ideologically. And now understand that George Will was right; we have lived for 30 years on insanely inexpensive imports, gorging on consumerism without a thought about how it affected our economy and workers. It's a difficult topic - free trade vs "fair trade." Consumption vs or dovetails with manufacturing. How does it effect the luxury of walking into Home Depot and buying a $10 hammer or using Mexican made parts in cars vs "why are we supporting a country pledged to destroy us" by propping up their economy so we can buy 10 Barbies and letting other nations get away with penalizing our products?
We were the only ones left standing after WWII and generously rebuilt the world economy. That era is over it would seem.
The topic is certainly one worth exploring. but like Joe-Blow-the-Ragman sitting in a bar, everybody has an opinion and I'll be forming mine from other sites. This site is as clear an exploration of the topic as I've been able to find, the Monetary Matters Network - Michael Pettis.
Still, it's good the hear the pros and cons from those doing the importing and selling too.
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