Posted by ss55 on April 17, 2018 at 04:42:55 from (63.147.218.40):
In Reply to: Tariff Question posted by John in La on April 17, 2018 at 00:02:02:
Countries impose tariffs on import to protect their own industries.
As I understand, the US proposed (25 percent?) tariffs on $60 Billion of imports from China. China retaliated by proposing tariffs on $3 Billion of US goods including pork. The US expanded its proposed tariffs to another $100 Billion of imports from China. China then expanded its proposed tariffs to more imports from the US including soybeans. So far none of the proposed tariffs have been implemented yet, but there is a deadline when they will (might?) into effect and the markets are trying to anticipate how things will work out.
Has anyone heard a plan for how the new tariffs revenue would be spent and if there will be any help for the industries that will be hurt, or is it all just bluff and bluster?
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