What happens in the following situation?
An American company manufactures item X, and sells it for $300 and a 5% profit margin.
A Mexican company manufactures item X, and sells it for $295 and a 35% profit margin.
Trump imposes a specific tariff on Item X of 20%.
What happens? You guessed it. The Mexican company continues to sell at $295 and their profit margin goes to 15%.
Who can find an honest flaw in this argument? Not looking for bullshit deflection, let's see if we can poke a hole in this argument.
An American company manufactures item X, and sells it for $300 and a 5% profit margin.
A Mexican company manufactures item X, and sells it for $295 and a 35% profit margin.
Trump imposes a specific tariff on Item X of 20%.
What happens? You guessed it. The Mexican company continues to sell at $295 and their profit margin goes to 15%.
Who can find an honest flaw in this argument? Not looking for bullshit deflection, let's see if we can poke a hole in this argument.
