this post was submitted on 27 Nov 2024
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Explain Like I'm Five

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If Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with? (self.explainlikeimfive)
submitted 3 days ago by Don_Dickle to c/explainlikeimfive
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[–] MoonManKipper 10 points 3 days ago

The way you improve the lot of foreign workers (a good idea) is by putting in place trade agreements that mandate worker protections. “You can only sell us cheap widgets if the working conditions are reasonable “. Two further points. 1 - with tariffs the worker exploitation continues, the goods just cost more (see example above) and 2 - look at the vibrant and dynamic US motorcycle industry for an example of the long term consequences of being insulated from competition.