Explain Like I'm Five

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If Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with? (lemmy.world)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 3 days ago

Anti-dumping orders can be very specifically targeted (down to a manufacturing company level) to combat the issue in your first paragraph. Sometimes the duties can be over 100% on items that get ADD.

There are still high tariffs on many raw steel products from many countries - it’s called Section 232 duties.