I'm no pro golfer, but I am an American businessman, and I can confidently say that
@PhilMickelson is full of crap.
1)Americans pay these tariffs as the importer
2)Other countries have stopped buying our export goods
3)Businesses will go under before manufacturing here happens
Gavin isn’t understanding how tariffs work so here’s a brief explanation.
It’s a tax on imports! Most tariffs in general benefit American businesses because the US pays higher wages and have higher costs to produce goods in general. Other countries with lower labor and overall costs who sell their products in the US would undermine domestic business so a tariff is added for competitive pricing, but the consumer will pay more to protect these local businesses. The most drastic case is China auto maker BYD. Their cars are far superior to what is in the US and sell for so cheap that there isn’t even a tariff that could level the playing field. So they aren’t even allowed to be sold here because it would ruin our entire domestic auto industry.
Who pays the tariffs?
The importer. Since we have a trade deficit and import more than we export more tariff revenue comes to the US.
Also, US companies that outsource manufacturing to other countries pay tariffs to bring the products back into the US. This promotes domestic manufacturing and more jobs in the US. More jobs means each worker is in higher demand and the employer must pay more to win over the worker. Higher wages!!