Comments by "Far Centrist" (@far_centrist) on "EU Faces Total Deindustrialization, Paying U.S. Protection Money, USD Devaluation Coming" video.

  1. i don't see the point of tariffs. when they are instated, the tariffs will simply be passed onto consumers. for some goods that is critical and can only sourced abroad (such as affordable machinery), consumers will have no choice but to buy them anyway, even at higher price. people who rent such equipment will also have to pay more, so their service fee goes up. which caused more pain for self than the targeted nation. for goods that is produced locally and are competing with foreign sourced ones, this will create temporary preference for locally produced alternatives, but when the demand surpass supply, the locally produced goods will also surge in price. not only that, some will actually prefer not to increase production to artificially increase the price of their produced goods, so that they can profit much much more for producing less. TL;DR it hurts the targeted nation a little, but it hurts own nation much more.
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