Comments by "DailyBeatings" (@DailyBeatings) on "China's prices are too low for buyers to care about tariffs. And how buyers can lower them." video.

  1. When a tariff or quota is imposed the domestic producer always raises their prices to match the imported product plus the tariff or quota. Reason is because the domestic producer can make short term profits without the cost of ramping up production to meet demand. Tariffs and quotas are usually short lived, so any capital expenditure for increased production is at risk. The end result is a gain for the government, a gain for domestic producers, a loss in consumption, and a loss for consumers. International Economics 101.
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